@realestate/types/RESODataDictionaryV1_7/CommonInterest.d.ts

Types for real estate

/**
 * Copyright (c) 2023 ListBird. All Rights Reserved.
 *
 * This software product includes software or other works developed by RESO,
 * subject to the RESO End User License published at www.reso.org.
 *
 * Any modifications, derivative works, or redistributions of this source must
 * maintain this copyright notice. See the RESO EULA for more information.
 */

export enum CommonInterest {
  /**
   * {@link https://ddwiki.reso.org/display/DDW17/Community+Apartment}
   *
   * Ownership interest where purchaser receives a partial/fractional interest in the land coupled with the
   * right of exclusive occupancy of an apartment located thereon. The owners elect a governing board which
   * operates and maintains the project.
   */
  CommunityApartment = 'CommunityApartment',

  /**
   * Ownership of an individual unit where each homeowner only owns their individual unit space, and an
   * undivided share in the ownership of common areas or in a common homeowner’s association (HOA). Generally,
   * the ownership of the individual unit is described in a Condominium Plan and usually consists of ownership
   * of the surface of the walls and the space within. The CC&Rs will detail what building components and
   * other complex amenities are considered part of the common area and will describe the common area or HOA
   * ownership percentages, and maintenance responsibilities.
   */
  Condominium = 'Condominium',

  /**
   * Ownership of an entire parcel or lot that is not in a CID, or not held subject to any other Common
   * Interest rights.
   */
  None = 'None',

  /**
   * {@link https://ddwiki.reso.org/display/DDW17/Planned+Development}
   *
   * Ownership consisting of an individual lot or parcel, generally including the ownership of the land and
   * any structures on the individual lot or parcel. Owners also receive use right in common areas that are
   * generally owned by a HOA. Some common areas may be reserved for the use of some or all of the individual
   * lot owners. Generally, the CC&Rs will detail the method of management, maintenance, use and control of
   * the common areas and may provide for some control and maintenance of the individual lots.
   */
  PlannedDevelopment = 'PlannedDevelopment',

  /**
   * Ownership of an interest in a corporation which is formed primarily for the purpose of holding title to
   * improved real property, either in fee simple or for a term of years. All or substantially all of the
   * shareholders receive a right of exclusive occupancy of a portion of the real property, which right is
   * transferable only concurrently with the transfer of the share(s) of stock in the corporation.
   */
  StockCooperative = 'StockCooperative',

  /**
   * Ownership in a time period or a point system granting possession rights to a unit or occupancy rights at
   * a property. The property may be owned either by a number of individuals on a fractional basis, or may
   * be an interest in a corporation each with the right of possession for a specified time interval.
   * Time-sharing is commonly applied to resort and vacation properties.
   */
  Timeshare = 'Timeshare',
}