irvinehomeshopper said:
You own the structure only but the land you do not own. If you decide to tear down your home and build another home smaller than your current foundation boundary then you can't because you do not own your land. This is why your parcel boundary lines do not exist. The HOA is also bound by a covenant to the structural lifetime of the home which stated 99 years for which you no longer own beyond the expiration date.
Sigh... I truly don't understand why people keep repeating and insisting that Saratoga or any IP detached condos don't own the land even though multiple Saratoga owners confirmed the land ownership after looking at their sales contract docs.
I want to finalize this discussion by attaching a part of sales contract provided by IP.
In ADDENDUM "O", Section B, 2-3
2. Condominium Ownership; Membership in Master Association.
The Property you are purchasing is a "condominium" and upon the Close of Escrow, you will receive: (a) fee title to a "condominium unit;" (b) an undivided interest in the "Common Area" located within the Phase of development of the Neighborhood in which your condominium unit is located; and (c) all easements, exclusive and nonexclusive, appurtenant to your condominium unit. The condominium unit is a "detached" condominium unit, as described more fully below. By virtue of your ownership of a the Property, you automatically become a member of the Master Association, entitling you to use of all of the common facilities owned by the Master Association, including the private neighborhood parks, subject to the rules established by the Master Association. As a member of the Master Association, you are also obligated to pay monthly assessments to the Master Association for the maintenance of such facilities and other Master Association Property.
3. Detached Condominiums.
Your condominium is essentially equivalent to a traditional detached single family home located on a separate lot because each owner in the Neighborhood will own a detached single family home (and the land upon which it is located) and be solely responsible for maintaining his or her home. For a traditional condominium unit, the unit consists solely of airspace inside a building, and the boundaries of the airspace are the interior walls, floors and ceiling of a portion of the building (which building is maintained by a homeowners association).
For a detached condominium unit, the unit consists of an envelope of space that may include air, earth and water. The vertical boundaries of each detached condominium unit extend downward to the center of the earth and upward to a plane located at least fifty feet above the earth's surface. The lateral boundaries of each detached condominium unit are shown on the Condominium Plan recorded for the phase of development in which the unit is located. As a result,
a detached condominium unit includes all improvements (including your Residence) constructed inside the unit as well as the land located within the boundaries of the unit. (
You will not own any mineral, oil or water rights.) As noted above, each owner of a detached condominium unit is responsible for maintaining his/her own Residence and all other improvements in the condominium unit.
Conclusion:
* Saratoga is a Single Detached Condo.
* All of recent IP's single residence homes without own driveway are likely all detached condos.
* IP's detached condos do own the land + structure + any improvement + undivided shared interest area.