Limited Common Elements

Limited Common Elements

Elements of condominium living units that are assigned to specific tenants but are still considered to be property of the condominium. Limited common elements can include front doors, balconies or windows. They can also extend to parking places and boat slips. Limited common elements are normally defined in the condominium documentation.

Limited common element property is maintained by the owners association and paid for from the dues of each member. The theory behind limited common elements is actually somewhat contradictory. A court in New York once ruled that a condo tenant could not put up a satellite dish in his own back patio, even though it was legally considered his property!


Investment dictionary. . 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Common elements of Final Fantasy — Articleissues cleanup = May 2008 importance = April 2008 refimprove = April 2007Though each Final Fantasy story is independent, many themes and elements of gameplay recur throughout the series. Some spin off titles have cameo appearances of… …   Wikipedia

  • Common Peace — (Κοινὴ Εἰρήνη, or Koine Eirene) was the term used in ancient Greece for a peace treaty that simultaneously declared peace between all the combatants in a war. The concept was invented with the Peace of Antalcidas in 387 BC. Prior to that time,… …   Wikipedia

  • Common Lisp — Paradigm(s) Multi paradigm: procedural, functional, object oriented, meta, reflective, generic Appeared in 1984, 1994 for ANSI Common Lisp Developer ANSI X3J13 committee Typing discipline …   Wikipedia

  • Limited government — is a government structure where any more than minimal governmental intervention in personal liberties and the economy is not usually allowed by law, usually in a written Constitution. It is closely related to libertarianism, classical liberalism …   Wikipedia

  • Common law — For other uses, see Common law (disambiguation). Common law (also known as case law or precedent) is law developed by judges through decisions of courts and similar tribunals rather than through legislative statutes or executive branch action. A… …   Wikipedia

  • common law — 1. the system of law originating in England, as distinct from the civil or Roman law and the canon or ecclesiastical law. 2. the unwritten law, esp. of England, based on custom or court decision, as distinct from statute law. 3. the law… …   Universalium

  • Limited liability company — This article is about a U.S. specific business entity form. For limited liability companies in the United Kingdom, see Limited company. For a general discussion of entities with limited liability, see Corporation …   Wikipedia

  • Common Foreign and Security Policy — This article deals with the workings of European Union foreign policy. For the relations between the European Union and third countries, see Foreign relations of the European Union. European Union This a …   Wikipedia

  • Common-law marriage — Family law Entering into marria …   Wikipedia

  • Common Object Request Broker Architecture — The Common Object Request Broker Architecture (CORBA) is a standard defined by the Object Management Group (OMG) that enables software components written in multiple computer languages and running on multiple computers to work together (i.e., it… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”