Glossary of Endorsements

ALTA ENDORSEMENT FORM 4 (AKA FORM 115.1) CONDOMINIUM

Provides owner or lender with affirmative insurance that the subject property is a condominium, concerning CC&R’s, association assessments, separate taxation, encroachments and the exercise of rights of first refusal with respect to a condominium.


The ALTA Endorsement 4 was conceived by ALTA as a standard form to be attached to owner’s and mortagees’ policies covering title to a condominium unit. Its initial purpose was to afford assurances considered essential by lenders in the secondary market, notably FNMA, which formerly were available only by way of attorney’s opinion and representation. Because the requisite investigations would be identical for an owner or lender it is believed that, where appropriate, similar coverage may also be provided on owners’ policies covering titles to condominium units.