who owns the land a condo is built on
Condominium Technically, a condominium is a collection of individual home units and common areas along with the land upon which they sit. Individual home ownership within a condominium is construed as ownership of only the air space confining the boundaries of the home. The boundaries of that space are specified by a legal document known as a Declaration, filed on record with the local governing authority. Typically, these boundaries will include the wall surrounding a condo, allowing the homeowner to make some interior modifications without impacting the common area. Anything outside this boundary is held in an undivided ownership interest by a corporation established at the time of the condominium's creation. The corporation holds this property in trust on behalf of the homeowners as a groupâ€”it may not have ownership itself.
Presidio Terrace Presidio Terrace was originally marketed to white residents only. "There is only one spot in San Francisco where only Caucasians are permitted to buy or lease real estate or where they may reside. That place is Presidio Terrace," according to a 1906 brochure distributed by the developer.[6] A 1948 Supreme Court case, Shelley v. Kraemer which banned enforcement of racial covenants in housing later invalidated restrictions of this type nationwide. This led eventually to the absence of legally sanctioned segregation of the city's neighborhoods.