When drafting a lease, the landlord is typically the owner of the entire building that is the subject of the lease. When the building is owned by a condominium, however, this may not be the case.
'Condominiumized' Buildings
When drafting a lease, the landlord is typically the owner of the entire building. When the building is owned by a condominium, however, this may not be the case. In such instances, a lease needs to be specifically tailored to take into account that the leased premises is not only a stand-alone unit owned by the landlord, but also part of a condominium property regime covering all of the units in the building.
By
Mark MorfopoulosThis premium content is locked for LawJournalNewsletters subscribers only
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