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Generally the term 'condominium resort' refers to a collection of residences built in a resort area. A unit in the complex may be referred to a 'resort condominium'.
Sometimes the governing documents require that the residence be available for rent for a fixed minimum number of days or weeks during the year.
Wiki User
∙ 13y ago
Wiki User
∙ 7y agoA resort condominium has several possibilities. It can be operated as a hotel, offering short term rentals, and which maintains a front desk. That would allow someone to own a full-service vacation home. It can take the form of separate vacation rentals where owners can buy single units as an investment and rent them out to vacationers. It can also take the form of a time share fee ownership where owners can buy permanent use in the form of weekly increments.
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What is Resort Condominium International?
There is a company named Resort Condominium International (RCI), that affiliates with resort properties and markets them together with other travel services.
What is the legal difference between a hotel and a condominium resort?
Legally, a hotel is owned by a single owner and the property managed for the benefit of both the owner and guests. Each condominium unit is owned individually, and its association manages the business of the condominium.
What is a time share condominium?
A time share condominium is a scheme under which individual owners can purchase the use of a condominium by the week, usually in a resort or other vacation destination. Buyers do not own any fee interest in the until. They own the right to use it for a certain time period. For example, a friend owns a three week time share in a beachfront condominium in Nassau. They have assigned weeks every year. Another friend owns a four week time share through a major resort hotel chain that can be used in numerous resorts around the US.
What are some scenic gulf shore rentals?
The Mediterranea is an exciting new luxury condominium resort located on the beach with breathtaking views of the emerald-green waters of the Gulf of Mexico.
Is Bluegreen Wilderness Club at Long Creek Ranch Condominium Resort owned by Bass Pro?
You can visit the hall of records, the tax assessor's office, to determine ownership of the property.
What is a highrise condominium?
A high rise condominium is a tall building with condominium units.
What is the difference between a condominium unit and a condominium phase?
A condominium unit is a single unit in a condominium project, whether residential or commercial. A condominium phase is a development period, during which a developer builds, finishes and/or sells a set or collection of condominium units.
When was the declaration of condominium of oceanquest condominium recorded?
You can find the answer you want in your local hall of records where the Oceanquest Condominium is located.
When was Carbonell Condominium created?
Carbonell Condominium was created in 2005.
When was Atlantis Condominium created?
Atlantis Condominium was created in 1982.
When was HarborView Condominium created?
HarborView Condominium was created in 1993.
What is plural of condominium?
The plural form for the noun condominium is condominiums.
