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A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts. [ 1 ]
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 ...
The cooperative portion of the condop is effectively no different than any cooperative building that contains only residential units. However, in some real-estate circles, the term condop continues to be mis-used to refer to a cooperative that behaves like a condominium or a "co-op with condo rules".
Condo associations must distribute inspection reports to owners, tenants and prospective buyers. The full inspection reports must be posted on the association’s website. Inspection reports must ...
Condo owners unable to pay an assessment can be foreclosed on by their condo association. She considered selling, but the assessment was driving down property values in the building. A unit ...
A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners.
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