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What is the ownership structure for homes and lots?

April 26, 2017homes lots ownership structure

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What is the ownership structure for homes and lots?

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A. The property will be developed as a bareland condominium, which means lot (unit) owners will have title to their lot and be responsible for maintenance of their lot and structures. The roads, trails, beach area, and parks will be common property, and they will be collectively owned and maintained by all the condominium corporations that form part of the total land base (and therefore by all condominium unit holders).