Owners

Owners

The difference between a condominium and an apartment complex is legal: there is no way to know a condominium from an apartment simply by looking at or visiting the building. A condominium is a collection of individual home units and common areas along with the land upon which they sit. Individual home ownership within a condominium area is construed by the delineated boundaries as defined in the Master Deed.

At Shadowbrook, these boundaries include the drywall surrounding a room, allowing the homeowner to make some interior modifications without impacting the common area. Anything outside the boundaries is held in a common ownership with the other unit owners.

The Condominium Trust holds this property in trust on behalf of the homeowners as a group. Condominiums have conditions, covenants, and restrictions, and often additional rules that govern how the individual unit owners are to use and share the space.