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Abstract

The purpose of this article is to analyze the concept of condominium, explain some of the legal problems involved, and determine if the Nebraska statute adequately solves them. Although condominiums could be used for residence, office, industry, business, or any combination thereof, this article is focused primarily on horizontal residential condominiums, with infrequent references to the other types.

I. Introduction

II. The Condominium Concept

III. Condominium vs. Conventional Cooperative

IV. FHA Mortgage Insurance

V. Establishment of a Condominium

VI. Common Elements and Expenses

VII. Insurance

VIII. Destruction of the Premises

IX. The Undesirable Owner

X. Tort and Contract Liability

XI. Taxation

XII. Waiver of the Regime

XIII. Conclusion

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