What is a required component in the legal description of a Residential Condominium Contract?

In a Residential Condominium Contract, the unit number is a crucial element of the legal description. This is because the unit number specifically identifies the individual unit within the condominium structure, making it clear which property is being bought, sold, or rented. In multi-unit properties like condominiums, several units may share the same address and be part of the same building, which can lead to confusion if the unit isn't identified.

While the property address is important for general identification of the location, the unit number provides the specificity needed for legal and contractual clarity. It prevents any potential disputes over which unit is being referenced in the contract, ensuring that both parties are fully aware of the exact unit involved in the transaction. Additionally, including the unit number is a common industry practice to comply with local laws and regulations regarding condominium transactions. This level of detail is essential for legally binding contracts in real estate, particularly for condominiums where multiple units share a common address.