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For example, an experienced developer may purchase an apartment building, hire a consultant to put the entitlements in place, and then upgrade the building so that the sales team can sell them as individual condominiums. Alternatively, a mom and pop have owned a 20 unit apartment building for 20 years and want to sell it.
Initially, the concept of a condominium was introduced by the Federal Law "On the Fundamentals of the Federal Housing Policy" No. 4218-1 dated December 24, 1992: "Condominium is an association of owners of residential premises in apartment buildings with the establishment of conditions for joint ownership and use of inter-apartment stairs ...
A lower-rise apartment building on the left side of the Avenue of the Americas in Manhattan, juxtaposed next to a skyscraper apartment building. An apartment (American English, Canadian English), flat (British English, Indian English, South African English) [a], or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building ...
A Colorado landlord has agreed to sell a troubled apartment complex that was taken over by the violent Venezuelan migrant gang Tren de Aragua.
Apartment community – a collection of apartment buildings on adjoining pieces of land, generally owned by one entity. The buildings often share common grounds and amenities, such as pools, parking areas, and a community clubhouse, used as leasing offices for the community. Brownstone: a New York City term for a rowhouse: see rowhouse. [5]
Previously, residents were allowed to have packages delivered to the apartment complex's mailroom free of charge. Now, a lease addendum has added a $20 per month charge for a third-party service ...
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
Details of the sale, including the price, were not announced. The sale is expected to close by the end of the year. When it announced that it was selling the buildings, Huntington said it would ...
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