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Condominium: a form of ownership with individual apartments for everyone, and co-ownership (by percentages) of all of the common areas, such as corridors, hallways, stairways, lobbies, recreation rooms, porches, rooftops, and any outdoor areas of the grounds of the buildings. Townhouses and apartments which are owned in the condominium form of ...
Buying a condominium means buying an individual unit in a property with public areas owned and managed by a homeowner's association. Buying an apartment usually means buying a share of ownership ...
For example, an owner would like to have a pool but cannot afford one. When buying a condominium with a pool in a CID of one hundred units, an owner would have use of that pool for basically one-hundredth of the cost due to sharing the cost with the other 99 owners. [5] Timeshare, or vacation ownership, is the same concept. Buying a second home ...
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 ...
In the United Kingdom, the term duplex is sometimes used by property professionals such as architects and estate agents and refers only to a flat or apartment on two floors connected by an inner staircase though many newer apartments have open-plan designs including mezzanines. The far more commonly used term is 'maisonette' meaning two ...
Searching for an apartment—even a small apartment, such as a studio or one-bedroom unit—is no easy feat. From the location to the price, renting versus buying, there’s much to consider. The ...
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 ...
A wooden house in Tartu, Estonia. This is a list of house types.Houses can be built in a large variety of configurations. A basic division is between free-standing or single-family detached homes and various types of attached or multi-family residential dwellings.
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