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Condominium Bylaws, Indentures, Declarations and Rules
When buying a condominium, the first thing an experiended buyer will ask is "can I get the indentures and bylaws?" This is because buying Condominiums involves some very important details that are NOT invovled when buying single family homes.
Condominium owners usually own the interior space of their unit, and also a percentage of the association. This is also known as membership. The overall expenses of the whole association are managed by a condominium board, and / or a managment company, and each owner pays their percentage of the total fees. The association is governed according to a set of documents known as the Condominium Conditions and Restrictions (CCR's), and also known as Declarations and Indentures. A part of these documents are known as the bylaws and / or building rules. These documents are legal in nature and establish how the condominiums are run, who is responsible for what, and what is and is not allowed. Usually these documents are prepared by an attorney prior to the establishment of the association, as working democratically as an association to establish the declarations would be almost impossible. Often times these documents can be complex, and it may be helpful to have an attorney review them for total understanding and protection.
The most important thing, and the reason for this discussion, is that anyone buying a loft or condominum should pay close attention to what is said in these documents, because the use of the condominium is controlled by the collective documents and knowing the contents BEFORE closing is vital.
The process of buying a condominium, loft or villa, usually requires that an offer be made and accepted prior to the seller ordering the documents for the buyers information. In St. Louis, there is a condominium rider to the sale contact that mandates what the seller is to provide for the buyer. Once the process is in motion, the buyer receives the CCR's and has an opportunity to 'inspect' them at roughly the same time they have a building inspector take a look at the unit itself. It is vitally important that the buyer understands and reviews the declarations and bylaws within the contingency period. If the buyer does not find the Condtions and Restrictions, or any of the financial information provided acceptable, they can terminate the contact and get their earnest money back for a different property.
The Realtors at Premier Realty Exclusive are condominium specialists that know how to help buyers navigate the sometimes complex world of condominiums with regards to condominiums declarations, indentures, bylaws and rules. Contact us today to discuss your goals of condo living!
St. Louis Lofts & Condos
**WELCOME TO 8909 NORTH SWAN CIRCLE...THIS UPDATED--GROUND LEVEL--2 BEDROOM 1 BATH--SIERRA II FLOOR PLAN IS VACANT & READY FOR A NEW OWNER!!**UPDATES INCLUDE...NEW WATER...
- 2 Beds
- 1 Baths
- 20068436 MLS
- Brentwood Forest Bldg.
- ACTIVE Status
**WELCOME TO 8975 SOUTH SWAN CIRCLE...EXTRA-EXTRA RARE CONDO IN BRENTWOOD FOREST!!** UPDATED--2 BEDROOM--1 & 1/2 BATH--LARGE--END UNIT--TOWNHOME (SHERWOOD FLOOR PLAN) WIT...
- 2 Beds
- 1.5 Baths
- 20068435 MLS
- Brentwood Forest Bldg.
- ACTIVE Status
You will be dazzled by this fabulous light-filled Crown Lofts corner unit. This second floor 2 bed/2 bath CWE loft condo has so much to offer! Loaded with character and a...
- 2 Beds
- 2 Baths
- 20068244 MLS
- Crown Loft Condominium Bldg.
- ACTIVE Status
TOP FLOOR - POOL VIEW! Popular Westmoreland floor plan features 2 bedrooms & 2 baths, large master suite, 9’ ceilings & a private balcony. Gorgeous hardwood flooring th...
- 2 Beds
- 2 Baths
- 20068416 MLS
- Hanley Station Bldg.
- ACTIVE Status
Spacious Villa in popular Baywood Villages. Main floor living with extra space for family and visitors. Perfect set up for in-home office, if needed. Unit offers eat in k...
- 3 Beds
- 3 Baths
- 20067786 MLS
- Baywood Villages Bldg.
- ACTIVE Status
Don't miss this wonderfully updated 2 story townhouse in Kirkwood. Great layout with 2 bedrooms and 2 and a half baths. Freshly painted throughout! The kitchen has new s...
- 2 Beds
- 2.5 Baths
- 20067860 MLS
- Greenbriar Condo Bldg.
- ACTIVE Status
You don't want to miss an opportunity to own this gorgeous condo in the heart of the central west end. Classic and classy city architecture with updated interior & modern...
- 2 Beds
- 2 Baths
- 20068469 MLS
- Maryland Square Bldg.
- ACTIVE Status
Est. 2007, this is a stylish, updated 2 bed/2.5 bath townhouse with a 2 car garage in the HEART of Lafayette Square for under $300K! This is an interior unit, very quiet ...
- 2 Beds
- 2.5 Baths
- 20065631 MLS
- Lafayette Square Bldg.
- ACTIVE Status
ASTONISHING 3 Bed 2 FULL Bath Ranch Villa with a 2 car garage in the Parkway West School District! This villa is tucked into the MUCH sought after Cedar Springs subdivisi...
- 3 Beds
- 2 Baths
- 20067893 MLS
- Cedar Spgs Three Bldg.
- ACTIVE Status
Welcome to exquisite high-rise living in the desirable Clayton area! This condo boasts breath taking views of the St. Louis skyline! Walking into the elegant foyer your e...
- 3 Beds
- 2 Baths
- 20067270 MLS
- Eight-One-Six South Hanley Condominuim Bldg.
- ACTIVE Status
Priced to sell fast!!! This luxury 3BR, 2.5 bath in the heart of downtown Clayton is the perfect home for you. It has a master suite on the main with a walk in closet, ...
- 3 Beds
- 2.5 Baths
- 20067534 MLS
- 404 South Hanley Condo Bldg.
- ACTIVE Status
Showings start 9/18. Elegant villa located in exclusive, private enclave 24 hour gated entrance/16 villas. Spacious rooms for gracious entertaining & comfortable, easy li...
- 4 Beds
- 3.5 Baths
- 20064927 MLS
- Pembrooke Court Bldg.
- ACTIVE Status
Easy living is the name of the game with this unit! Fabulous location with excellent access to highways, commuter routes and shopping. This unit features a foyer with h...
- 2 Beds
- 2 Baths
- 20066937 MLS
- Golfview On The Green Ph III Condomin Bldg.
- ACTIVE UNDER CONTRACT Status
A wonderful opportunity to own a 3-bedroom 2-bath with garage in a classic building in the heart of the Moorlands. This spacious unit is loaded with charm. Hardwood flo...
- 3 Beds
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- 20066948 MLS
- Edgewater Condo Bldg.
- ACTIVE Status
This beautifully remodeled Kirkwood Condo comprising of 3 bedrooms and 3 baths, centrally located off Manchester Road close to popular restaurants and stores. Kitchen has...
- 3 Beds
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- 20066798 MLS
- Kirkshire Condo The Bldg.
- ACTIVE UNDER CONTRACT Status
Attention sports enthusiasts!! Want care-free living in the City? This is it! Get out ahead of the market & be ready for STL Sports post COVID! Walk to Enterprise & watch...
- 2 Beds
- 2.5 Baths
- 20065492 MLS
- Edison Condominium Bldg.
- ACTIVE Status