Leasehold Condominium |
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Also see: About Condo memo on Types of Condominium
Short Answer
A condominium in which title to the property is subject to leasehold interests held first by the declarant and thereafter by the unit owners. The actual holder of freehold title is not the declarant and need not be a unit owner.
Definition
Pending
What you need to know…
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…as a Unit Owner
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…as a Board Member or Manager
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…as a Declarant
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