What is a deeded spot?

The term “deeded parking spaces” has two forms: The space is classified as an individual unit with a separate percentage of ownership, or the space is assigned to a particular unit as a limited common element.

Which of the following must be furnished by the seller of a condominium to the buyer?

Seller must provide Public Offering Statement that includes: Condominium Declaration. Articles of Incorporation (or other document that creates the association). Bylaws.

What does separately deeded mean?

It is a separate entity from the unit, it is assessed separately by the city or state and it has its own legal designation and property tax bill. It is deeded and transferred separately from the unit as a fee simple interest, similar to the manner in which the unit itself would be transferred.

Is a parking space an appurtenance?

Limited Common Element Parking Spaces If either a parking space or a storage space is a limited common element (appurtenant to a particular unit), then ATG is able to insure it as long as it was properly assigned.

What is an assigned parking space?

Assigned spaces are not owned by any specific unit owner, rather they are owned by the HOA. In essence they are similar to any other amenity owned by the HOA. They are typically assigned based on the bylaws and rules and regulations.

What are limited common elements in a condo?

Limited common elements are parts of a condo are assigned to individual units, but considered community property rather than the tenant’s. Examples of limited common elements include windows, balconies, driveways, elevators, clubhouses, and swimming pools.

What is a seller obligated to disclose?

California requires buyers to fill out the state Real Estate Transfer Disclosure Statement and the Natural Hazards Disclosure, which details whether the property is in a zone subject to natural hazards, such as earthquakes or wildfire. Some cities or counties may require disclosure about the neighborhood or community.

Does seller have to disclose previous inspection in California?

Court decisions in California for decades make it very clear that sellers (and their real estate agent) have the duty to disclose prior inspection reports on a listed parcel that are in the possession, custody or control of the seller regardless of who initially paid for the report.

What deeded ownership?

Deeded ownership is like traditional real estate ownership in the sense that once you purchase the timeshare, you own it for the rest of your life or until you sell it. A deeded property timeshare can also be rented, given away, bequeathed to heirs, or sold at the owner’s discretion.

What does 1.5 parking space mean?

A standard three-car garage is 30 feet wide. The dimensions of a 1.5-car garage fit right in between the one and two-car garage — at between 16 feet and 20 feet wide. In other words, if you are wondering what the best sizes for a garage are, the answer will vary greatly depending on your needs.

Can ada parking be angled?

No, the ADA Standards do not prohibit front-in only, back-in only, or angled parking spaces. However, where van spaces are angled, the Standards require the access aisle to be located on the passenger side which is the side where vehicle ramps and lifts are typically deployed.

Who is responsible for repairs to limited common elements?

the association
Maintenance, repair, and replacement of a limited common element is usually the responsibility of the association except to the extent the declaration shifts that duty to the unit owner.