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Are condominiums private property?

A condo is a form of private housing whereby individual portions of this land is owned by different owners. Aside from individually owned apartment units, there are common facilities shared by all unit owners such as the hallway, elevator, lobby and exterior areas like swimming pool, garden and gym.

What is a condo vs apartment?

The main difference between a condo and an apartment is ownership. The condo has a unique owner, whereas an apartment is a part of a large residential building.

How is Paragraph 14 different in the residential condominium contract?

How is paragraph 14 different in the Residential Condominium Contract? Casualty loss is not addressed in the condominium contract. The paragraph does not address the common elements. Because the seller owns a single unit only, casualty loss addresses that situation.

What is the Texas Condominium Act?

Title 7, Chapter 82 (2021) The Texas Uniform Condominium Act, Tex. Prop. Code §§ 82.001 et seq. governs all commercial, industrial, residential, and other condominiums created after January 1, 1994.

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