Sec. 2. Definitions
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/bill/119/hr/6342/ih/section-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 102 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5122 ) is amended by adding at the end the following: The term residential common interest community means any mandatory membership organization comprising owners of real estate described in a declaration or created pursuant to a covenant or other applicable law with respect to which a person, by virtue of the person’s ownership of a unit, is obligated to pay for a share of real estate taxes, insurance premiums, maintenance, or improvement of, or services or other expenses related to, common elements, other units, or any other real estate other than that unit described in the declaration.
The term condominium means a stand-alone condominium project in which each dwelling unit is separately owned, in which the remaining portions of the real estate are designated for common ownership solely by the owners of the related units, each owner having an undivided interest in the common elements, and which is represented by an association consisting exclusively of all the unit owners in the project, which is, or will be responsible for the operation, administration, and management of the project.
The term housing cooperative means a multi-unit housing entity, including an association of manufactured homes, in which each dwelling unit is subject to separate use and possession by 1 or more cooperative members whose interest in such unit, and in any undivided assets of the cooperative association that are appurtenant to such unit, is evidenced by a membership or share interest in a cooperative association and a lease or other document of title or possession granted by such cooperative as the owner of all cooperative property.
The term manufactured home park means a parcel (or contiguous parcels) of land divided into 2 or more lots containing manufactured home structures, regardless of whether such structures are taxed as real property, that are— transportable in 1 or more sections; built on a permanent chassis and is designed for use with or without a permanent foundation when attached to the required utilities; and affixed to land. .
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