Building Resource
A type of ownership in a property that is composed of an individual lot or unit and a share of the ownership or use of common areas. A Common Interest Development (CID) is usually governed by a...6/20/2024| Standard Value | Definition | Usage |
|---|---|---|
| Community Apartment | Ownership interest where purchaser receives a partial/fractional interest in the land coupled with the right of exclusive occupancy of an apartment... | — |
| Condominium | Ownership of an individual unit where each homeowner only owns their individual unit space and an undivided share in the ownership of common areas or... | — |
| None | Ownership of an entire parcel or lot that is not in a common-interest development (CID) or not held subject to any other common interest rights. | — |
| Planned Development | Ownership consisting of an individual lot or parcel, generally including the ownership of the land and any structures on the individual lot or... | — |
| Stock Cooperative | Ownership of an interest in a corporation which is formed primarily for the purpose of holding title to improved real property, either in fee simple... | — |
| Timeshare | Ownership in a time period or a point system granting possession rights to a unit or occupancy rights at a property. The property may be owned either... | — |