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Hierarchy Of Estates
A system that categorizes different types or interests in land and property, ranking them in order of importance or priority, commonly used in real estate and property law.
Conditional Estate
An ownership interest in which the holder has the same interest as that in a fee simple absolute except that this interest is subject to a condition.
Condominium Association
An organization comprising owners of individual units within a condominium project, responsible for enforcing the bylaws and managing the common properties.
Declaration
A formal statement, announcement, or document outlining intentions, conditions, or observations on certain matters.
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