Professional Documents
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Condominium Property in Uganda - GP 1
Condominium Property in Uganda - GP 1
Condominium Property in Uganda - GP 1
The term Condominium is an invented Latin word as a result of joining two ‘con’ and
‘dominium’ from its Latin origin the term can be loosely translated as co-ownership. The
plural of the term either Condominiums or Condominium depending on the writer.
This kind of property are similar to apartments but independently sellable, owned and
considered as real estate. The main difference in Condos and regular single homes is
that there is no individual ownership f a plot of land hence all land in Condominium
project is owned in common by all homeowners.
Ownership of property is individual and each owner holds title to his or her individual
unit plus functional interest in the common areas of a multi-unit project. Each owner
pays taxes on his or her property and is free to sell or lease it.
The exterior walls and roof are insured by the Corporation, Management Board and
Managing Agent while all interior walls and items are insured by the unit owner.
Bugolobi Flats, Bukoto Flats, Several Flats in Nalya, Lubowa on Entebbe road and
many other areas in and around Kampala.
To provide for the division of buildings into units and common property.
To provide for individual ownership of those units by issuance of certificates of
title in relation too the units as tenants in common.
To provide for the use and management of the units and common property and
for the connected matters.
Section 2 of the Condominium Property Act provide for the meaning of the
condominium plan as a plan registered in accordance with this Act and includes a
phased condominium plan.
Section 10 CPA 2001, Provides that the Registrar shall not register a plan as
condominium plan unless;
Section 10 (2) provides that in the case of a condominium plan that includes residential
units, there shall be indicated in that plan, in addition to conforming to the requirements
specified in subsection (1) and the satisfaction of the Registrar, a delineation of the
boundaries of the areas that are to be leased under section 5 (3).
2. Creation of title for each unit. Section 4 of the Condominium Act provides
that every purchaser of Condominium Property be issued with a certificate of title
for the unit purchased accompanied with the respective Condominium Plan and
sale agreement because it is upon this sale that the transfer is affected in the
purchaser’s names.
3. Common Property. Section 7 provides for common property which does not
belong to any specific unit and which is used in common by the owners of the
units and includes land on which the property is situated, support structures,
infrastructure and services. In other wards this is property/common area that is
shared by the unit holders and tenants share this property in equal proportion
and therefore the parties shall use this common property equally and also
contribute equally for the maintenance of common property.
6. Liability of the unit owner. Section 19 provides that the owner of a unit shall
only be liable in respect of any interest entered on the condominium plan in
proportion to the unit factor for his or her unit.
It is important to note that the Companies Act shall not apply to this kind of
Corporation.
ADVANTAGES OF CONDOMINIUMS
DIS-ADVANTAGES OF CONDOMINIUMS