Uniform Common Interest Ownership Act
Encyclopedia
The Uniform Common Interest Ownership Act was created to provide a model set of laws to govern condominium
, cooperative
, and planned unit development
communities in the United States
. Variations of the act have been adopted in Colorado
and some other states.
Condominium
A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights...
, cooperative
Cooperative
A cooperative is a business organization owned and operated by a group of individuals for their mutual benefit...
, and planned unit development
Planned Unit Development
A planned unit development , is both a type of building development as well as a regulatory process. A PUD is a designed grouping of varied and compatible land uses, such as housing, recreation, commercial centers, and industrial parks, all within one contained development or...
communities in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Variations of the act have been adopted in Colorado
Colorado
Colorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...
and some other states.