Condo Conversion

Use of Common Areas

An individual owner in entitled to equal use of common areas regardless of percentage ownership interest. An owners guests and/or tenants hold these same rights (unless the agreed upon governing documents state otherwise).

Sub-Division Map

A sub division map is often associated with terms such as condominium plan or parcel map.  Each term is used to describe the drawings or maps that detail the manner in which a given property is laid out into different units, lots, or subdivisions.  These plans define the lot and unit location and boundaries and -once approved and registered by the local government- become the official plans in relation to the deeds and/or mortgages associated with the property.

Rental Restrictions

In cases where the property owners want to specifically ensure or limit the ability of an individual owner to lease their unit to a tenant, rental restrictions can be placed in the CC&R’s.

Percentage Interest

In the absence of a home owners association, common area will be jointly owned by the indi

Party Walls

A party wall is a fence, wall, or other structure that rests on the border between two lots or units.