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1. Definitions (10/15/2019)
Condominium Project refers to a project in which one-family Dwelling Units are attached, semi- detached, detached, or Manufactured Home units, and in which owners hold an undivided interest in Common Elements.
Common Elements refer to the Condominium Project’s common areas and facilities including underlying land and buildings, driveways, parking areas, elevators, outside hallways, recreation and landscaped areas, and other elements described in the condominium declaration.
Condominium Unit (Unit) refers to real estate consisting of a one-family Dwelling Unit in a Condominium Project.
Infrastructure refers to the Condominium Project’s streets, storm water management, water and sewage systems, and utilities, along with the Condominium Project’s Common Elements and any similar items, called for in the Condominium Project or Legal Phase.
Condominium Project Approval refers to the process to determine a Condominium Project’s compliance with FHA’s Condominium Project Approval requirements.
Approved Condominium Project refers to a Condominium Project that meets FHA Condominium Project Approval requirements as determined by review under DELRAP or HRAP.
Condominium Association refers to the organization, regardless of its formal legal name, that consists of homeowners within a Condominium Project for the purpose of managing the financial and common-area assets.