What information is commonly included in a declaration of condominium?
What will be an ideal response?
Although statutory requirements vary from state to state, the information most commonly included in a declaration of condominium is: (1) the name of the condominium; (2) the name of the county in which the condominium is located; (3) the legal description of the condominium; (4) a statement of the maximum number of units that will be included in the condominium; (5) a description of the boundaries of each unit; (6) a description of any limited common elements; (7) a description of any development rights reserved by the developer of the condominium; (8) a statement indicating the allocation of percentage interests in the common elements to each unit; (9) a statement indicating the voting rights of each unit; (10) any restrictions on use, occupancy, and transfer of units; and (11) a plat or plan of the condominium.
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