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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.

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Q: What is the difference between a condominium unit and a condominium phase?
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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 the difference between a condominium hotel and a time-share?

The difference is in the ownership of the property. Read your governing documents to determine if time-share use is permitted by owners. The definition for a hotel implies irregular lengths of stay, as does time-share. The difference is in who owns the unit. A condominium unit owner may not be able to use the unit as a time-share unit; whereas a hotel unit can be used for irregular lengths of stay.


Can you use 440volts in a 3phased unit?

what is difference between phase voltage 415volt and 440volt


What is the difference between condominium and apartment?

In the United States a condominium is a form of fee ownership of a unit in a multi unit complex. An apartment (sometimes called a flat) is typically a rental property consisting of a room or suite of rooms in a building containing a number of such dwellings.


What is the different single phase unit price and three phase unit price?

If, by 'unit price', you mean the cost per kilowatt hour, then there is normally no difference between the cost of energy supplied whether by single-phase or three-phase supplies.


What is phase difference?

A phase difference between two periodic signals is the time difference between two corresponding points on each signal. This time difference is usually measured in degrees or radians, but can be given as a unit of time as well.


What is a garden condo?

Usually a condominium complex with a garden, or a condominium unit with a garden dedicated to the unit.


What do you call someone who owns an condominium unit?

Someone who owns a condominium unit is called an owner.


Do you own land when you own a condominium?

You don't own any particular plot of land as an individual. You own a percentage interest in all the land in the condominium project along with all the other unit owners. That percentage is recited in the deed for each unit. You own a shared interest in the common areas and that includes the land.Generally, a condominium is a distinct form of ownership in the U. S. (and other countries) whereby an individual owns a unit and shares joint ownership of the common areas with the other unit owners, which includes the land. In addition to owning your own unit of a condominium building in fee, you would also be part owner of the land upon which the condominium is constructed.For example, a typical Massachusetts condominium deed would state: "Unit #2 of the Old Mill River Condominium together with a .05% interest in the common areas and facilities." That owner would own a .05% fee interest in the common areas along with the land encompassed by the condominium project. Similar language is used in other jurisdictions.For a discussion of what you own when you own a condo unit in the State of Washington see the following:http://www.ticorblog.com/blog/condo-or-co-op-whats-the-difference/See also the following related question discussing the difference between condominium units and townhouse units:Does_a_townhouse_own_the_land_beneath_it_whereas_a_condominium_owners_own_only_the_unit_plus_a_part_of_shared_common_grounds_and_amenities


What is the difference between an co-op and a condo?

In a condominium, you hold title to your unit and own real estate in common with all other owners. In a co-op, you own shares in a corporation and are assigned a unit to which you do not hold clear title.


What do you own when you buy a condominium?

Read your governing documents to identify the border between what you own in your unit individually and what you own outside your unit in common with all owners.You may find that the border is 'the studs', 'the paint', 'the wallboard' and so forth.Every condominium is different from every other condominium in terms of who owns what.Another PerspectiveWhen you purchase your condominium the governing documents set forth the boundaries of your unit and the common areas. However, what you own in fee is your unit and a percentage interest in the common areas and the land that makes up the condominium parcel.


Who pays the property taxes for a condominium unit in Florida?

If Florida is like most other states, a condominium unit owner pays property taxes for the unit.