So, you bought a Condo. You outright own the air space between the walls but just a stake in everything else, including the land, along with your neighbors. What could go wrong?
Condos have many benefits, but they have more complex ownership situations than a traditional detached house. Anytime you add more humans to your ownership mix, there is a greater possibility for conflict. The good news is that while condo ownership
has fallen off the Humpty Dumpty wall in the past, there are protections in place. In fact, something called the UCA is the law that keeps things in balance.
The Uniform Condominium Act (UCA) was developed by the National Conference of Commissioners on Uniform State Laws (NCCUSL) in response to several issues and challenges that arose in the realm of condominium developments across different states.
These situations and challenges were key factors that influenced the development and eventual passing of the Uniform Condominium Act, and the UCA is formidable security we have to feel good about condo ownership -- to keeping Humpty on the wall,
where the community wants him.