4 ms·
Technically a condo owner has fee simple (i.e. absolute) ownership of the airspace in their unit and tenancy in common (i.e. shared) with the other owners for t
by ajhurliman 4y ago
Technically a condo owner has fee simple (i.e. absolute) ownership of the airspace in their unit and tenancy in common (i.e. shared) with the other owners for the walls, floors and common areas.
I guess what you're arguing here is that groups of people shouldn't be able to own real property collectively, which would undermine a lot of the legal infrastructure that underpins business and society today; not just condos.
For example, what if one's parents die and probate leaves the family house to the adult children (who are obviously not married to each other), how would they take title?
- ocdtrekkie 4y agoThe idea I can own my airspace, but be entirely dependent on some other idiots with no qualifications to make key decisions that determine if the floor, walls, and ceiling continue to remain stable and surrounding my property is problematic. Surfside will not be the last large condo to collapse this decade. The legal structure makes some sense but the accountability is a joke. Structural safety should be handled at a more reputable level. Also the definitions between your property and the common elements is... unclear in many cases, at best, and somewhat predatory in design at worst.