GRI 301 - Common Ownership

Content
25 modules

Rating

Course length
3 hours

Instructor
Niki Ackels

Description

Condominiums, cooperatives and other types of common ownership are commonly misunderstood. This course will dispel some of the misconceptions and address other aspects related to homeowners’ associations, timeshares, and fractional ownership, valuation of common properties, and listing, selling and renting condominiums. This course is intended as an introduction to the subject of the forms of common ownership.

Objectives

At the completion of this course, a participant will be able to:

  • Compare the different forms of common ownership.
  • Facilitate the sale or purchase of common ownership-associated property in compliance with legal requirements
  • Relate the governance, legal rights, and legal responsibilities to the form of common ownership in question
  • Identify the physical characteristics (structures, property types, common elements) associated with each form of common ownership

1.
Introduction
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2.
Discussion: Introduction
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3.
Uniform Statewide Estoppel Certificate Format
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4.
Forms of Common Ownership
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5.
Discussion: Forms of Common Ownership
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6.
Condominiums
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7.
Common Condominium Legal Documents
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8.
Common Condominium Legal Documents Continued
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9.
Common Condominium Legal Documents: Rescission
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10.
Listing and Selling Condominiums
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11.
Prospective Buyers and Condominiums
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12.
Florida Condo Landlord-Tenant Laws
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13.
The Cooperative Concept
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14.
Advantages of Condo/Co-Op Living
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15.
Discussion: Advantages
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16.
Disadvantages of Condo/Co-Op Living
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17.
Discussion: Disadvantages
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18.
Homeowner's Association (HOA)
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19.
Planned Unit Development (PUD)
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20.
Townhouses (Row Houses) with Party Wall Agreements
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21.
Discussion: Townhouse Living
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22.
The Timeshare Concept (Interval Ownership)
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23.
Discussion: Last Thoughts
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24.
Summary and References
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25.
GRI 301 Common Ownership Knowledge Check
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