CLTA Condominium Endorsement Guideline 115
Explanation:This endorsement provides an insured lender, at the time of policy issuance, with insurance that the estate or interest covered by the policy is a condominium in fee and is entitled to be assessed taxes as a separate parcel of property.
Underwriting Requirements:(1) This endorsement may be issued only upon request and requires the following:
(a) That the estate or interest covered by the policy is a condominium as defined by Section 783 of the California Civil Code;
(b) That the condominium is a fee estate; and
(c) That no other estate or interest other than the condominium fee is covered by the policy.
(2) This endorsement is written for issuance in California. Please contact appropriate Stewart Title Guaranty underwriting personnel if requested to issue in another state.
Any revision to this form requires approval of a Stewart Title Guaranty Company underwriter. The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.
Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.
This guideline applies to the following form(s):