Join  |  Login  |   Cart    

Notary Rotary
Just PoliticsLeisure
Welcome to the Notary Talk General Discussion Forum. Before posting, please read the


Re: Similar situation two evenings ago
Posted by VT_Syrup of VT on 6/22/12 5:53am Msg #424319
I'm not an attorney and don't give advice on specific situations. As I understand it a condominium unit owner owns the inside of the unit. The exact part of the wall/ceiling/floor that constitutes the boundary could vary from state to state or as declared in the document that creates the condominium, but in my state the default is the unit owner would own the wallboard but not the studs for the ceiling and walls, and the tile/rug/finished flooring on the floor but not the subfloor. The unit owner would not own the land under the unit. If, for example, the condo were condemned for a new highway, there would be one deed from the condo association to the government for the whole condo, and the owners would divy up the payment according to their ownership interest; there would not be one deed for the common areas and a deed from each unit owner.
PrevNextReturn to General Discussion    Post a Public Reply to this MessageSend Author a Private Message


Messages in this Thread
 A dilemma and weird situation -  ToniK on 6/21/12 5:49pm
 Re: A dilemma and weird situation -  Carol Graff on 6/21/12 6:03pm
 Re: A dilemma and weird situation -  ToniK on 6/21/12 6:46pm
 Re: A dilemma and weird situation -  HisHughness on 6/21/12 6:15pm
 Re: A dilemma and weird situation -  ToniK on 6/21/12 6:44pm
 Years ago, the insurance sold for condos was an HO3, if - Susan Fischer on 6/21/12 8:11pm
 A condo ins't classified by the type of structure, but by -  MW/VA on 6/21/12 8:26pm
 Re: A condo ins't classified by the type of structure, but by -  ToniK on 6/21/12 8:40pm
 Re: A condo ins't classified by the type of structure, but by - pan/nd on 6/21/12 10:00pm
 What is the definition of townhouse (versus condo)? -  HisHughness on 6/21/12 11:36pm
 Re: What is the definition of townhouse (versus condo)? -  JanetK_CA on 6/21/12 11:57pm
 Re: Similar situation two evenings ago -  snowflake/PA on 6/22/12 1:22am
 Re: Similar situation two evenings ago - VT_Syrup on 6/22/12 5:53am
 title and lender went by the appraiser? that would be scary! -  sigtogo/OR on 6/22/12 11:08pm
 Possible Site Condo? - RJE/MI on 6/22/12 6:10am
 Sorry for the repeated info. Droid isn't user friendly today n/m - RJE/MI on 6/22/12 6:14am
 Re: A dilemma and weird situation -  Jessica Ward on 6/22/12 9:53am
 Re: A dilemma and weird situation - jnew on 6/22/12 3:00pm
 true, jnew, but no doubt there are exceptions to that rule n/m -  sigtogo/OR on 6/22/12 11:00pm
 Toni, if you haven't had enough opinions, see my reponse -  sigtogo/OR on 6/22/12 11:12pm



 
Find a Notary   Notary Supplies   Terms   Privacy Statement   Help/FAQ   About   Contact Us   Archive  
 
Notary Rotary™ is a trademark of Notary Rotary. Copyright © 2002-2024, Notary Rotary, Inc.  All rights reserved.
500 New York Ave, Des Moines, IA 50313.