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What is a condominium housing?
Condominium is a form of real estate ownership; house is a word used to describe a structure.
What is a condominium-house?
Condominium is a form of real estate ownership; house is a word used to describe a structure.
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 accommodations do you get when owning a condominium?
Your answer depends totally on the condominium and its real estate assets, and your access to them depending on your ownership. There is no standard.
Is a condominium considered commercial real estate?
Condominium is a form of real estate ownership, and may be commercial or residential.
Why is Condominium is so expensive?
Condominium ownership is a form of real estate ownership whereby an owner is responsible for both the costs of the unit, and for a share of the expense related to the upkeep of the whole community.
Does the Declaration of ownership extend beyond the sale of the Condominium units?
Once you purchase a condominium unit, whether you are its first owner or subsequent owner, the condominium declarations will always be in force.
What is an antonym for condominium?
Single owner title is the opposite of condominium title ownership, both of which are forms of owning real estate assets.
What is the Condominium Propert Act for State of Missouri?
You can follow the link, below, to read the condominium property act for the State of Missouri.
What is the difference between sanitorium and condominium?
A sanitorium (or sanitarium) is a medical facility for long-term illness. A condominium is a form of real estate ownership.
What is the difference between a condominium and an apartment?
The official difference is in ownership: an apartment is owned by a landlord who may also own other apartments in the same complex; a condominium is owned by a single owner and that ownership includes a percentage ownership in the community's common areas. A condominium may be in the style of an apartment, especially, in urban high-rise buildings.
Is condominium unit considered real property?
Yes. A condominium is real property and is an estate owned in fee: The owner can sell it, leave it to a beneficiary in his/her will or the property will descend to their heirs at law if they die without a will. Fee simple is the maximum form of real property ownership. Generally, a condominium project is a form of fee ownership by which several owners share ownership of a building(s) by each owning their respective units. In addition to their unit, each owns a proportionate interest in the land that forms the condominium property and common areas of the condominium.
