House Vs Condo
In a residential condominium, or mixed-use condominium created after January 1, 1996, each unit’s share of the frequent bills of the condominium and customary surplus of the condominium shall be the identical as the unit’s appurtenant ownership curiosity in the widespread elements. The board could function shutters, impact glass, code-compliant home windows or doors, or different kinds of code-compliant hurricane protection put in pursuant to this subsection with out permission of the unit owners only if such operation is important to preserve and shield the condominium property and affiliation property.
The undivided share of ownership of the widespread elements and customary surplus of the condominium that is appurtenant to each unit said as a proportion or a fraction of the entire. In the declaration of condominium for residential condominiums created after April 1, 1992, the possession share of the frequent elements assigned to each residential unit shall be based both upon the entire sq. footage of each residential unit in uniform relationship to the whole sq. footage of each other residential unit in the condominium or on an equal fractional basis. “Assessment” means a share of the funds which are required for the payment of common expenses, which from time …