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Is it true or false that a condo townhome is much like buying a freehold property except that you can expect to receive specific services for the special fees you pay?
Wiki User
∙ 14y ago
True or false doesn't quite work as an answer to your layered question.
First, a condominium, by definition, is a living space one owns, together with other real estate assets owned with other owners in common. Special fees you pay are called monthly assessments, and they are spent in order to protect, maintain and preserve the value of the assets you own in common.
It can be a high-rise condominium, a development of buildings, even a marina. It's a special kind of home owner's association: the condominium association is a business the operates the living areas of all the members, each of whom owns a condominium unit.
A townhome can be a style of building. It can be owned in a condominium community or in an apartment-like real estate ownership arrangement or in a city, where it might be called a brownstone. Different geographies use this term differently.
A freehold property is apparently another way of describing the notion of real estate over which one holds title of an indeterminate term, as opposed to leasehold, which has an end term.
Wiki User
∙ 14y ago
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How can you list your townhome condominium in rehoboth beach for sale?
A local realtor can answer your question and list the property for you.
Is it legal to change a home from a condominium to a townhome after you have already closed on it?
A condominium is a form of real estate ownership that includes ownership of a unit, plus communal ownership of other real estate assets.A townhome can be a style of home.If you purchased a townhome-style home in a condominium community, you are permanently attached to the condominium community.It's association and governing documents apply to your townhome.
What are the release dates for Designed to Sell - 2004 Townhome Transformation 3-5?
Designed to Sell - 2004 Townhome Transformation 3-5 was released on: USA: 2006
Can you do a reverse mortgage on a townhome?
You can, if the town home is in an approved FHA complex it makes it much easier. If it is not then you have to apply for a spot approval which is asking for an exception to the requirement that the HOA or complex be FHA approved based on the merits of your particular property.
Your daughter moved out at the end of her one year lease Her roommate stayed in the townhome Can your daughter get her security deposit back even with her roommate in the townhome?
no because the roommate is still living there she would have to wait till her roommate leaves
Townhomes For Rent for Cheap?
Townhomes can offer your family opportunities to rent safely and cheaply. If you want more space, privacy and freedom, you may prefer renting a townhome instead of an apartment. Many prospective townhome owners are pleasantly surprised when they learn that townhomes are similar to unattached houses, but include extra amenities, such as fitness gyms and swimming pools.Rent a townhome instead of an apartmentTownhomes are better options than apartments, especially for if you have a growing family that needs more space. Similarly to an apartment, a townhome offers the security of living in close proximity to other people, rather than in the isolated division of a house. Additionally, a townhome is an affordable dwelling place that gives your family the sense of ownership and stability that ordinary apartment complexes lack.Look for cheap townhome rentals onlineIt is easy to search for townhomes for rent on the Internet. Once you enter the townhome rental site, details about the townhome, including photographs of both the interiors and exteriors, are available to view. There is no fee to look at information about townhomes, and searching online saves a great deal of time and money compared to the alternative of searching through newspapers and traveling by car.You need to make sure you fully understand the rental agreements before signing any papers. Rental agreements are legal contracts, so read the fine print. About deposits and inspectionsA townhome rental, similar to an apartment rental, involves paying a deposit fee. However, provided the townhome is in acceptable condition upon moving out, the deposit is fully refundable. It is also important to note the location of the townhome because location is an important aspect to consider prior to moving.Filling out a simple online form regarding your ideal number of rooms and similar details is all you need to do to rent a townhome. It is important to understand the townhome's pet policy if you have any pets, and it is also a good idea to ask the landlord questions before signing rental paperwork.
What do i do if I Need Someone To Take Over My Mortgage Payments?
GVC Property Solutions Inc. is a well-established Real Estate Investment Company that offers property owners with unique solutions to their real estate difficulties as an alternative to the traditional way of selling. They take over house, townhome and condo payments as well as the property associated with the mortgage. You can contact them for Free Consultation 604-812-3718.
Do all townhomes have association fees?
Townhome is a style of building: condominiums are a style of real estate ownership. All condominiums levy assessments that owners pay, which is used to operate the property. If a townhouse is part of a condominium association, then, yes, there are assessments attached to this unit.
Can I find a townhome for rent on Craigslist?
Craislist is a valuable resource for finding a rental home, apartment or townhome in your area. You can also find all the furniture and decorations you need to put in it. Also, if you are new to the area you can find friends, groups and churches to join. It is an excellent local resource.
You inherited a townhome trough an Illinois land trust Do you therefore have legal right to the furnishings?
No not necessarily. It depends on the specifics of he land trust.
What's the difference between a townhouse and a condominium?
With a condominium, you own only the structure itself. With a townhome, you also own the yard surrounding your building.
Are townhomes bigger than condos?
A townhome is a style of home; a condominium is a form of real estate ownership. Neither term reflects a size.
