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2. 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]

3. Multifamily residential - Wikipedia

   en.wikipedia.org/wiki/Multifamily_residential

   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 ...

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. Common-interest development - Wikipedia

   en.wikipedia.org/wiki/Common-interest_development

   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 ...

6. Are high prices keeping you from achieving homeownership ...

   www.aol.com/finance/pro-tips-buy-condo-2024...

   Condo owners also pay for their own property taxes and utilities. Shared areas of condos are usually managed by a condo association, which is a type of homeowners association. It typically acts as ...

7. Cohousing - Wikipedia

   en.wikipedia.org/wiki/Cohousing

   Most cohousing communities in the U.S. currently rely on one of two existing legal forms of real estate ownership: individually titled houses with common areas owned by a homeowner association (condominiums) or a housing cooperative. Condo ownership is most common because it fits many financial institutions' and cities' models for multi-unit ...