Condominium Conversion at Real Estate Glossary
What is it? The change in title from a single owner of an entire project or building to multiple owners of individual units.Real Estate Definition Added By: Maya
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Real Estate Term Uniform Condominium Act (Uca) is Many states have adopted the Uniform Condominium Act (UCA). Under its provisions, a condominium is created and established when the owner of an existing building (or developer of unimproved property) executes and records a declaration of condominium.Real Estate Term Down spouts is A vertical gutter that empties water from the roof to the ground.
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