Tag Archive: limited common elements

Reserves for Mixed Use Building & Limited Common Elements

Often condo declarations state that some building components are to be paid for exclusively by one group of owners. This may include all residential owners, or all owners within a single building. This means that reserve contributions for those components must come only from the units to which the cost is allocated. We frequently see reserve…

Limited Common Element Confusion

Limited common elements (LCE) in condominiums can be spaces or things.  Spaces are like parking spots, decks, and storage closets.  Things are like fireplaces, windows, or wires. When the LCE is a space, the boundaries of the space need to be defined so that the maintenance and repair responsibility can be allocated to the association…

Tag Archive: limited common elements

Reserves for Mixed Use Building & Limited Common Elements

Often condo declarations state that some building components are to be paid for exclusively by one group of owners. This may include all residential owners, or all owners within a single building. This means that reserve contributions for those components must come only from the units to which the cost is allocated. We frequently see reserve…

Limited Common Element Confusion

Limited common elements (LCE) in condominiums can be spaces or things.  Spaces are like parking spots, decks, and storage closets.  Things are like fireplaces, windows, or wires. When the LCE is a space, the boundaries of the space need to be defined so that the maintenance and repair responsibility can be allocated to the association…