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Living in a condominium -- whether you are an individual person, a couple, a family, or people who live together for some reason -- is a life with a definition based on the governing documents in force for the private democracy where the unit is owned.
Primarily, it is important that any owner read, understand and agree to abide by the governing documents. Each set is different depending on the size, age, amenities and particular attraction of the community.
Multi-family real estate ownership dictates that protection, maintenance and preservation of the assets is a communal effort, which is supported by monthly assessments that each unit owner pays in order to support the operation of the community.
The trade-off is that your behaviour and actions may be limited by your governing documents -- small pets only, park in your own space; don't hang laundry from the balcony, and so forth -- but upkeep, maintenance and general presentation of the physical property is managed by the board of directors who operate the physical community as a business.
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What part of speech is condominium?
"Condominium" is a noun. A noun is a person, place, or thing.
Who owns the huntington condominiums?
The ownership of the Huntington Condominiums would typically be divided among individual condo owners who have purchased and own individual units within the condominium complex. The overall management and maintenance of the property may be overseen by a condominium association that is comprised of the individual unit owners.
Where does condotel blended from?
The term "condotel" is a blend of "condominium" and "hotel." It refers to a type of property that operates as a hotel with individual units owned by different people.
How does history help in writing an individual's biography?
When writing about an individual's life (biography), the historical events that surround that person's life contributed to and influenced that individual's life, and added perspective to the choices, actions, or even inaction of the individual at the time.
Is condominium ownership for life?
Yes. Once you purchase a condominium unit you own it for life unless you decide to sell it. You can leave it to your chosen beneficiary in your will or it will pass to your heirs-at-law under the state laws of intestacy if you have no will.
Is wall sharing between owners of condo units consider to be common area?
Read your governing documents. In the index, look for 'Boundary Definition' or similar entry, which will answer your question.Every condominium unit is different; every state is different -- and condominium governing documents are based on individual state condominium laws.
Who pays for property insurance in a condominium?
In a condominium usually the board pays for property insurance on all common areas. An individual owner pays for 4 walls, the ceiling, the floor, the inside of the door, and everything in between.
What is the difference between a hotel and a condominium hotel?
Most commonly, a hotel is owned by a corporate owner who then rents rooms in the property. A condominium hotel could be run like a hotel, but with units -- rooms -- owned by individual owners.
The religious doctrine of the Armenians held that?
Individual free will determined a person's life
What is a highrise condominium?
A high rise condominium is a tall building with condominium units.
What is the life span of a person who has high-functioning autism?
Autism and Asperger's Syndrome do not affect the life span of an individual.
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.
