FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RBG9uiYhwntrBh3nO4nqsWX
Label Condominium Right
Preferred Label N/A
Identifier N/A
Alternative Labels
Horizontal Property Right Strata Title Right

Definition

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.

Class Relationships

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See Also

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Translations

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en-gb

Commonhold

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

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Description

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Editorial Information

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Deprecated

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Source and Origin

No source or origin information available