Common Elements

They say they don’t make no more real estate…they lied.  They make real estate out of thin air—it is called a condominium. Condo Declaration:  This is now real estate.  We have created real estate; we have defined what the real estate is in the covenant and restrictions.  The units are individually owned; however, the structure is owned by the association, along with any common elements.  Then everybody has interest in the structure, pool, cinder blocks, etc.  When you buy a condo, you are buying the space from the outer walls in, but you have access to the common elements. You can also have limited common elements, like garages or storage, which means owned by the association, but you have the exclusive right to use that limited common element. Limited common elements can be transferred based on what the condo docs say.  If the association assigns the garage to the condo unit, then the garage goes with the condo deed.  Coming from the developer, Garage One goes with Unit One.  However, if the condo docs allow the limited common elements to be transferred, then the owner of Unit One can sell Garage One to the owner of Unit Two, and the […] Read More

Condo Docs & the Garage Troll

Once upon a time the three Billy Goats Gruff bought a condominium.  When they moved in, the two bigger Goats Gruff sent their little brother down to park the goat cart, whereupon the Littlest Billy Goat Gruff discovered the Terrible Troll who had sold them the condo. “Who goes there to trespass in my garage?” demanded the Troll.  “I’ll eat you up!” “Oh please, Mr. Troll, do not do that,” said the Littlest Goat Gruff, “for I am only a little goat and would not make very much of a meal for you.  Please let me go, and I will send one of my bigger brothers to park the cart.” So the Troll let him go, and soon enough the Middlest Goat Gruff came along to park the goat cart. “Who goes there to trespass in my garage?” again demanded the Troll.  “I’ll eat you up!” “Oh please, Mr. Troll, do not do that,” said the Middlest Goat Gruff, “for I am only a middle goat and would not make very much of a meal for you,  not compared to my bigger brother.  Please let me go and I will send him to park the cart.” So the Troll let […] Read More