What Are Limited Common Elements In A Condo?

What Are Limited Common Elements In A Condo? Limited common elements are parts of a condo are assigned to individual units, but considered community property rather than the tenant’s. Examples of limited common elements include windows, balconies, driveways, elevators, clubhouses, and swimming pools. What are common elements in a HOA? These normally include the Declaration

What Are Common Elements In A Condo?

What Are Common Elements In A Condo? General common elements are those that all owners in the condominium project can use. Stairways, lobbies, hallways, and amenities are often found on this list, as is the land the condominium sits on. Limited common elements are those that fewer than all the owners have the right to

What Is The Illinois Condominium Property Act?

What Is The Illinois Condominium Property Act? The Illinois Condominium Property Act prohibits partitions in the condominium association, but this a legal term having to do with dividing ownership among tenants in common. … Assessments are determined according to the percentage of ownership in the Common Elements set forth in the association’s Declaration. What is