A condominium unit is for the exclusive use of the individual condominium owner and may consist of a residential unit, a storage locker, a parking spot, or a utility closet to name just a few examples. What a condominium unit consists of in any given circumstance is described in the declaration, and the unit boundaries are outlined in a schedule to the declaration.
The declaration is usually a lengthy document that contains descriptions of the individual condominium unit, the common elements, the exclusive use common elements and shared expenses. Every condominium building has a declaration, which must be registered at the time the condominium is created.
The declaration is usually a lengthy document that contains descriptions of the individual condominium unit, the common elements, the exclusive use common elements and shared expenses. Every condominium building has a declaration, which must be registered at the time the condominium is created.