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Condos on Leased Land

By December 5, 2006


In the Seattle Times Real Estate Q&A section this weekend someone wonders:

Q: How important is it for a condo association to own the land under its building, and what are the consequences if the land is owned by another party? Also, must the seller divulge who owns the land?

I have no idea how common this is in Seattle or know of any condos where this is true. Do you?

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