LCP is a term used in condo buildings.
LCP means Limited Common Property.
Common Property means all strata lot owners (i.e. all condo owners) have equal right to the use of the common property
Limited Common Property means that portion of Common Property is limited to be used by designated owner(s), eg parking stalls and storage lockers.
LCP is a subset of Common Property (denoted by C).
Common Property, including Limited Common Property, is owned by all condo owners as Tenants In Common, which entitles all owners to equal right to use.
LCP means Limited Common Property.
Common Property means all strata lot owners (i.e. all condo owners) have equal right to the use of the common property
Limited Common Property means that portion of Common Property is limited to be used by designated owner(s), eg parking stalls and storage lockers.
LCP is a subset of Common Property (denoted by C).
Common Property, including Limited Common Property, is owned by all condo owners as Tenants In Common, which entitles all owners to equal right to use.
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