Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can an owner in a condominium or planned development split off a home from the complex and sell it free of the homeowners association and the restrictions in the governing documents?

0
10 Posted

Can an owner in a condominium or planned development split off a home from the complex and sell it free of the homeowners association and the restrictions in the governing documents?

0
10

By the time a condominium or planned development home is sold, documents have been recorded with the county government which firmly bind it to the rest of the project. A condominium unit in a multi-unit, vertically-stacked building can never be split off, but if the building is substantially damaged the law and the governing documents sometimes allow the entire project to be sold and the proceeds divided. A condominium or planned development home located in a structure containing no other homes, or attached to other homes on a horizontal plane, can be split off, but only with the approval county government as well as the percentage of owners and lenders required by the governing documents.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123