Cluster Housing is a subdivision technique where detached dwelling units are grouped closely together, leaving shared open spaces as common areas. This design promotes community interaction while preserving natural land and creating more efficient land use.
Common areas are portions of a property that are accessible and used by all owners or tenants. They play a crucial role in the overall functionality and value of residential, commercial, and mixed-use properties.
Common Property refers to property owned equally by all members of a group, which can include areas within a cooperative apartment building or municipal parks.
Condo fees, also known as maintenance fees, are regular payments made by condominium residents to cover the upkeep and maintenance of common areas and facilities within the condominium complex.
A condominium is a type of residential property where individuals own individual units but share ownership of common areas and facilities.
A Condominium Declaration, often referred to simply as a 'Declaration,' is a legal document that establishes a condominium. It outlines the division of property, including both individual units and common areas, and sets forth rules, regulations, and governance structures for the development.
De Minimis Planned Unit Development (PUD) refers to a type of PUD where the common area characteristics have a minimal effect on the overall property value. These developments contain limited shared spaces and amenities.
A Declaration of Condominium Ownership is a legal document required for the establishment, management, and governance of a condominium association according to relevant state laws. This document outlines the rights and responsibilities of unit owners, common areas, and the owners' association.
A Master Deed, used by condominium developers or converters, is a legal document that records the division of a property into individually owned units, includes restrictions on their use, and outlines ownership of common areas.
A zoning classification that allows flexibility in the design of a subdivision, enabling a mixture of land uses and housing types in a defined area. PUD zones generally set an overall density limit for the entire development, allowing for clustering of dwelling units to provide common open spaces and amenities.
