In a condominium, 'common elements' refer to the portions of the property not owned individually by unit owners but in which an indivisible interest is held by all unit owners. These generally include the grounds, parking areas, recreational facilities, and external structure of the building.
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.
Horizontal Property Laws are state statutes that enable condominium ownership of property, adjusting traditional property laws to allow for individual ownership of units within a building while maintaining shared interest in common elements.
In the context of condominium or cooperative housing, 'paint-to-paint' defines the boundaries of exclusive unit ownership. The ownership typically extends to the interior walls, floors, and ceilings, described as being from 'paint to paint,' with the housing complex retaining ownership and responsibility for common structural elements like walls separating the units.
