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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 ...
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Shared areas of condos are usually managed by a condo association, which is a type of homeowners association. It typically acts as a supervisory board and hires a property management company to ...
Common-interest development (CID) is the fastest growing form of housing in the world today. [1] [2] They include condominiums, community apartments, planned developments, and stock cooperatives. [3] [4]
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. [1] The home can be a house , such as a single-family house , an apartment , condominium , or a housing cooperative .
Townhouses and apartments which are owned in the condominium form of ownership are often referred to as "condominiums" or "condos". Court: high-density slum housing built in the UK, 1800–1870. Two or more stories, terraced, back-to-back, around a short alley at right angles to the main street. Once common in cities like Liverpool [8] and Leeds.
When the time comes to buy their first home, many Americans need to carefully weigh a variety of factors before deciding on which type of property to purchase. For the most part, it's a decision...
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