Condominium Right

Condominium Right, also known as Horizontal Property Right, refers to the legal structure that allows individual ownership of a unit within a multi-unit building, along with a shared ownership interest in common areas like hallways, elevators, and amenities. This right enables the individual unit owner to sell, lease, or mortgage their unit independently, while being subject to the rules and governance of a homeowners' association or similar entity.

IRI: http://lmss.sali.org/RBG9uiYhwntrBh3nO4nqsWX
Branch: Objectives

Also known as

Commonhold, Horizontal Property Right, Strata Title Right

Ancestry paths

Objectives Transactional Objectives Property Rights
Objectives Legal Rights Property Rights

Generated from sali-legal/LMSS at 3f9ac0c9357b (2026-03-10). JSON