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  2. Condominium - Wikipedia

    en.wikipedia.org/wiki/Condominium

    Condominium is an invented Latin word formed by adding the prefix con-'together' to the word dominium 'dominion, ownership'. Its meaning is, therefore, 'joint dominion' or 'co-ownership'. [3] Condominia (the Latin plural of condominium) originally referred to territories over which two or more sovereign powers shared joint sovereignty. This ...

  3. Homeowner association - Wikipedia

    en.wikipedia.org/wiki/Homeowner_association

    In June 2012, the Supreme Court of Virginia ruled in the case Shadowood Condominium Association et al. v. Fairfax County Redevelopment and Housing Authority that an HOA's power to fine owners for rule violations (including being in arrears) is limited to those expressly provided in the HOA's valid governing documents (e.g. the HOA's Bylaws ...

  4. List of condominiums in the United States - Wikipedia

    en.wikipedia.org/wiki/List_of_condominiums_in...

    A condominium or "condo" is a form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned. Use of land access to common facilities in the piece such as hallways, heating system, elevators, and exterior areas are executed under legal rights associated with ...

  5. Fire guts condo but association balks at paying its share to ...

    www.aol.com/fire-guts-condo-association-balks...

    Dear D.W., You are correct that pursuant to Section 718.111(11), Fla. Stat., in the event of a casualty, such as a fire, the association is responsible to insure, as well as to repair and replace ...

  6. Condo association can ban owners from renting - AOL

    www.aol.com/news/2010-02-11-can-the-condo...

    It's every real estate investor's worst nightmare: you buy a condo as a rental property, get a tenant, and everything's going great. You're getting positive cash flow, paying down the mortgage ...

  7. By-law - Wikipedia

    en.wikipedia.org/wiki/By-law

    This book has a sample set of by-laws of the type that a small, independent society might adopt. [14] The wording of the by-laws has to be precise. Otherwise, the meaning may be open to interpretation. In such cases, the organization decides how to interpret its by-laws and may use guidelines for interpretation. [15]

  8. Condop - Wikipedia

    en.wikipedia.org/wiki/Condop

    The condop is a type of condominium building, not a distinct legal construct. A condop, a portmanteau of the words condominium and cooperative (or "co-op"), is a co-op inside a condo. [3] Stepping back, condominium owners actually hold title to a piece of real estate. Co-op owners are actually shareholder-tenants with shares in and a long-term ...

  9. Common area - Wikipedia

    en.wikipedia.org/wiki/Common_area

    States vary in how they tax common areas, for real estate tax purposes. It may depend on whether it is a condo or a co-op. For example, the state of Arizona taxes "residential common areas" in housing developments with a flat tax, but common areas of condominiums and golf courses are assessed separately. [18]