§ 40-266. Description.  


Latest version.
  • For the purposes of this section, condominiums are a combination of two (2) kinds of actual ownership of real property. Ownership in fee simple of the townhouse or apartment and undivided ownership, in common with other purchases, of the common elements in the structure and including the land and its appurtenances. Common responsibilities shared by the condominium unit owners include maintenance of the site, landscaping, swimming pool and other recreational facilities, entrance lobbies, elevators, halls, heating, etc. The common obligation is part of each deed. Each owner is charged according to the value of his property in relation to the entire condominium.

(Ord. No. 20783, § 3(X-B(1)), 9-22-99)