Condominium & Lofts: Declarations, Bylaws, Rules and indentures

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

8020 Pershing Avenue, St Louis — Old Town Village Condo $989,900

Beautiful townhouse style condo located a stones throw away from downtown Clayton. It is two units made into one huge unit with stunning hardwood floors throughout the fi...

3 Beds
2.5 Baths
21051846 MLS
Old Town Village Condo Bldg.
COMING SOON Status

9206 Eager, St Louis — Brentwood Forest Condo Ph Four $219,999

2 Bed/2 Bath in Brentwood Forest! This Brentwood Forest gem is a second level unit that backs to common ground with deck overlooking the trees. Kitchen features brand n...

2 Beds
2 Baths
21052584 MLS
Brentwood Forest Condo Ph Four Bldg.
COMING SOON Status

13474 Forestlac Drive, Chesterfield image

13474 Forestlac Drive, Chesterfield — Woods Glade Condo Ph Two $175,000

Large end unit townhome in Chesterfield features 3 levels of updated living space and great curb appeal! One assigned parking space AND one garage space. Generous entry f...

2 Beds
2.5 Baths
21052500 MLS
Woods Glade Condo Ph Two Bldg.
ACTIVE Status

1618 Redbird, St Louis — Brentwood Forest Condo Ph Three $189,000

None

2 Beds
1 Baths
21052367 MLS
Brentwood Forest Condo Ph Three Bldg.
COMING SOON Status

4256 Lindell Boulevard Unit #B, St Louis image

4256 Lindell Boulevard Unit #B, St Louis — Lindell Add 02 $250,000

Welcome to 4256 Lindell Unit B, this amazing condo is in the middle of a walkable community that has every you will need. Washington University Medical School, Saint Lou...

2 Beds
2 Baths
21051888 MLS
Lindell Add 02 Bldg.
ACTIVE Status

226 North Boyle Avenue Unit #2N, St Louis image

226 North Boyle Avenue Unit #2N, St Louis — Greenwich Condo 05 $240,000

Est 1905: Beautiful 2 Bed/2 Bath Condo in CWE. Step inside this upper floor unit to discover hardwood floors leading to inviting open space living room with recessed ligh...

2 Beds
2 Baths
21042037 MLS
Greenwich Condo 05 Bldg.
ACTIVE Status

1067 Cedargate Drive, Kirkwood — Kirkshire Condo The $179,000

Love. Love. Love. Light, bright farmhouse-chic condo will knock your socks off. Polished palette sets the stage for easy living with all new ash-color luxury plank floors...

2 Beds
2 Baths
21051740 MLS
Kirkshire Condo The Bldg.
ACTIVE Status

4220 Mcpherson Avenue Unit #204, St Louis image

4220 Mcpherson Avenue Unit #204, St Louis — Mcpherson Place Ph II Bldg 422 $175,000

Showings start Friday, July 23 after 5pm. Stylish and Updated Central West End condo with Smart Google Home System! The main living area is open and bright with bamboo fl...

2 Beds
2 Baths
21051035 MLS
Mcpherson Place Ph II Bldg 422 Bldg.
ACTIVE Status

705 Westwood Unit #3A, St Louis — Westwood Court Condo $319,000

MOORLANDS CONDO is move in ready!! When you arrive you will be greeted with an amazing Art Deco influenced all-brick building. A courtyard out front gives you space from ...

2 Beds
1 Baths
21051998 MLS
Westwood Court Condo Bldg.
ACTIVE Status

7542 Cromwell Drive Unit #3d, St Louis image

7542 Cromwell Drive Unit #3d, St Louis — cromwell condo $799,000

This luxury condo is right out of the magazine covers. This penthouse condo has truly a cool & contemporary style and awaits the most discriminating buyer. This 2 bedro...

2 Beds
2.5 Baths
21051841 MLS
cromwell condo Bldg.
COMING SOON Status

5381 Pershing Avenue Unit #105, St Louis — Chelsea Condos $219,900

Walking distance to Forest Park and just a 5 minute drive to all of the hustle and bustle of Central West End's best restaurants and bars. This condo is ideal city living...

2 Beds
2 Baths
21051758 MLS
Chelsea Condos Bldg.
COMING SOON Status

1501 Locust Unit #1106, St Louis — Terra Cotta Lofts $199,900

Have you dreamed of living high in the sky with stunning views of Downtown and the Arch?Terra Cotta #1106 can make those dreams come true. This unit offers the epitome of...

2 Beds
2 Baths
21050834 MLS
Terra Cotta Lofts Bldg.
ACTIVE Status

12884 Rue La Ville Walk Unit #12884, St Louis image

12884 Rue La Ville Walk Unit #12884, St Louis — Villas On Olive $179,900

Enjoy 3 levels of living space in this updated townhome located in the Villas on Olive and conveniently located to just about everything. Spacious living room and step up...

2 Beds
2.5 Baths
21048305 MLS
Villas On Olive Bldg.
ACTIVE Status

200 South Brentwood Boulevard Unit #4F, Clayton image

200 South Brentwood Boulevard Unit #4F, Clayton — Park Tower Condo $289,000

This condo was rehabbed in the last seven years.. Updates include the kitchen, baths, and flooring. The kitchen has been opened to dining area and living area. You will ...

2 Beds
2 Baths
21050758 MLS
Park Tower Condo Bldg.
ACTIVE Status

315 North Meramec Avenue Unit #1C, Clayton image

315 North Meramec Avenue Unit #1C, Clayton — 315 N Meramec $649,000

Wonderful first floor 2 bedroom, 2.5 bath end unit in a secure elevator building with a popular divided bedroom floor plan and lovely open living spaces. The generous foy...

2 Beds
2.5 Baths
21051140 MLS
315 N Meramec Bldg.
ACTIVE Status

1251 Strassner Drive Unit #2112, Brentwood image

1251 Strassner Drive Unit #2112, Brentwood — Hanley Station $230,000

Westmoreland floor plan features 2 bedrooms & 2 baths, on the 1st floor near the pool! Gorgeous flooring throughout the main living space & carpet in the bedrooms. The k...

2 Beds
2 Baths
21051514 MLS
Hanley Station Bldg.
ACTIVE Status

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Premier Realty Exclusive has provided the above Real Estate Encyclopedia for informational purposes only. Any legal matters discussed are provided with the understanding that any legal questions or problems experienced need to be brought to the attention of a real estate attorney. The best way to learn about real estate is the interaction a prospective real estate customer can have with expert Realtors. In addition to the experience and knowledge of the Realtor,plus the interaction and questions that come up, Realtors at Premier Realty Exclusive offer information on specialists in lending, appraisals, inspections, surveying and insurance agents. All professionals are provided as a service are screebed and have a proven record of experience throughout real estate transactions.

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