Living With DAINTREE RESIDENCE Condominium Laws and Regulations
Daintree Residence
Living With DAINTREE RESIDENCE Condominium Laws and Regulations
By http://singnewhomes.com/daintree-residence-showflat/
Make the smart choice: Invest in a brand new home at our Daintree Residence , the ultimate combination of comfort and outdoor living in Bukit Timah Area .The Daintree Residence condo, which is within short walking distance of the Beauty World MRT station, will enjoy choice amenities . It is also accessible to other parts of the city state via the Pan Island Expressway and the Bukit Timah Expressway. It is also close to the Bukit Timah Nature Reserve and Bukit Batok Nature Park — a boon for those who enjoy the outdoors.The cottage on a tiny individual lot or the mansion built on a grand expanse of land. This type of home ownership has been the dream of many in the Western world where land has been plentiful and where the family lived in ONE home and did not have other properties for vacations, recreation and retirement.
Changing life styles have changed ownership patterns over the past fifty years. Two working parents, single parent families and the rising popularity of multiple family homes have created a great demand for ownership in condominium. In these cases the individual free-standing dwelling on a lot has been exchanged for shared walls, shared entryways, communal recreational facilities and shared maintenance.
When many live closely together rules and regulations become important. In Europe and the East coast of the United States, condominium ownership has been regulated for many years. In the west the first laws were enacted in 1965, in Canada in 1975 and Mexico’s first condominium laws were published in 1972, the same year as the bank trust (fideicomiso) law was enacted. In 1985 California’s Davis-Stirling Common Interest Development Act became a model for the rest of the western world. In the same year Mexico updated its condominium law and enacted the establishment and operation of common interest developments.
In the country of Mexico, this step was highly important for Mexico City but also for vacationers in Acapulco, Cancun, Manzanillo, Puerto Vallarta, Mazatlan and Los Cabos. Because of built in maintenance provisions it has become the preferred ownership for vacationers in Mexico who may spend only a few weeks a year at their homes and prefer to spend the time in fun rather than in maintenance duties.
In the common interest development, it may be either commonly owned property or common rights that may be enforced as restrictions against separately owned property.
For example the pool, hallways, gardens and other public areas are commonly owned property in many projects. Owners of the individual condominium units acquire a proportional ownership interest in all the recreational facilities, as well as in the service areas, bearing walls and utility features at the project.
In other developments, the developers retained ownership of certain areas destined for recreational use by the condominium owners and common areas are limited to the sidewalks, utilities, ducts and other construction features of the properties.
An example of rights and restrictions against separately owned property would be the building or design codes which are built into the condominium regime which prohibit for sale signs in windows, or drapes and window coverings different from those of the other units.
Living With DAINTREE RESIDENCE Condominium Laws and Regulations
By http://singnewhomes.com/daintree-residence-showflat/
Make the smart choice: Invest in a brand new home at our Daintree Residence , the ultimate combination of comfort and outdoor living in Bukit Timah Area .The Daintree Residence condo, which is within short walking distance of the Beauty World MRT station, will enjoy choice amenities . It is also accessible to other parts of the city state via the Pan Island Expressway and the Bukit Timah Expressway. It is also close to the Bukit Timah Nature Reserve and Bukit Batok Nature Park — a boon for those who enjoy the outdoors.The cottage on a tiny individual lot or the mansion built on a grand expanse of land. This type of home ownership has been the dream of many in the Western world where land has been plentiful and where the family lived in ONE home and did not have other properties for vacations, recreation and retirement.
Changing life styles have changed ownership patterns over the past fifty years. Two working parents, single parent families and the rising popularity of multiple family homes have created a great demand for ownership in condominium. In these cases the individual free-standing dwelling on a lot has been exchanged for shared walls, shared entryways, communal recreational facilities and shared maintenance.
When many live closely together rules and regulations become important. In Europe and the East coast of the United States, condominium ownership has been regulated for many years. In the west the first laws were enacted in 1965, in Canada in 1975 and Mexico’s first condominium laws were published in 1972, the same year as the bank trust (fideicomiso) law was enacted. In 1985 California’s Davis-Stirling Common Interest Development Act became a model for the rest of the western world. In the same year Mexico updated its condominium law and enacted the establishment and operation of common interest developments.
In the country of Mexico, this step was highly important for Mexico City but also for vacationers in Acapulco, Cancun, Manzanillo, Puerto Vallarta, Mazatlan and Los Cabos. Because of built in maintenance provisions it has become the preferred ownership for vacationers in Mexico who may spend only a few weeks a year at their homes and prefer to spend the time in fun rather than in maintenance duties.
In the common interest development, it may be either commonly owned property or common rights that may be enforced as restrictions against separately owned property.
For example the pool, hallways, gardens and other public areas are commonly owned property in many projects. Owners of the individual condominium units acquire a proportional ownership interest in all the recreational facilities, as well as in the service areas, bearing walls and utility features at the project.
In other developments, the developers retained ownership of certain areas destined for recreational use by the condominium owners and common areas are limited to the sidewalks, utilities, ducts and other construction features of the properties.
An example of rights and restrictions against separately owned property would be the building or design codes which are built into the condominium regime which prohibit for sale signs in windows, or drapes and window coverings different from those of the other units.