Which document establishes condominium ownership?

The document that establishes condominium ownership is the deed. A deed is a legal document that conveys property ownership from one party to another. In the case of condominiums, a deed outlines the rights and responsibilities of the unit owner and specifies the individual unit that is being transferred. It is instrumental in formally recognizing someone's ownership stake in a condominium.

When a buyer purchases a condominium, the deed is recorded in the local land records, which provides public notice of ownership. This documentation is crucial for establishing clear title and ensuring that the new owner has the legal right to possess and use the unit.

Other documents listed, such as a lease agreement, pertain to rental arrangements and do not convey ownership. A title insurance policy protects against potential defects in the title but does not itself establish ownership. A sales contract outlines the terms of the sale but is not the formal document that conveys the property title. Therefore, the deed is the definitive document that establishes condominium ownership.