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Propty
Legal

Unit

Also known as: Lot, Separate Interest

An individual ownership interest in a condominium or planned development that includes the airspace within the boundaries defined by the declaration and condominium plan. The unit owner holds title to their unit and an undivided interest in the common areas. Unit boundaries determine maintenance responsibilities — owners maintain their units while the association maintains common areas.

Understanding HOA terms is step one. Propty makes management simple.

See How Propty Works