Unit 6- Condominium Law Flashcards
1
Q
what is condominium law known as in the UK?
A
commonhold
2
Q
what is internal community regulation?
A
also known as house rules. these rules can be approved and amended by a simple majority vote.
3
Q
what shall be allocated to every unit in relation to the value of the building?
A
an assessment quota.
4
Q
when can unit owners freely dispose of their estate?
A
when elements are not separated and transferred enjoyment does not affect the obligations arising out of this ownership system.
5
Q
what happens to the outstanding amounts payable to the community by the owner who is about to sell his unit to a 3rd person?
A
LPH- any person acquiring a unit in horizontal property ownership, shall be liable for any outstanding payments to the community.
