03-23-2011, 05:39 PM
quote:I'm sorry, since the question was about CPR I automatically assumed it was a condo complex question, since agricultural condos are few and far between compared to the number of condo complexes. However, ag condos legally are not different than condo (CPR) complexes.
Originally posted by KathyH
There are pieces of land (ag land), that were divided by CPR prior to the moratorium...It is nothing like owning a condo in a complex, because there are no common areas other than any driveway situation, and there are no monthly maintenance fees. Also, the property tax was completely separate, as was the HELCO.
When you buy an ag condo you don't own the land it is built on, but own a certain percentage of the whole land area. The land area the house (ag condo) is built on is classified as a "limited common area" meaning while you don't own that part of the land area, you have the exclusive right to use it.
Property tax is just as separate for an ag condo as it is for the condo unit in a condo complex, and electricity is charged by the individual units in both cases. Like a 100-unit condo complex, even a two-unit ag condo still has only one water meter. Whoever has the water meter is responsible for the payment. That's why the water is included in the monthly association dues at the condo complexes. It means if you have a submeter in an ag condo at the person having the water meter doesn't pay the bill, you can end up with no water.
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