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Condominium" is not a term that is widely used in England and Wales. Commonhold is a creature of statute and comparatively rare, and condominiums are more likely to be found in the form of leaseholds because of long-standing legal differences between leasehold and freehold tenure.
Here are the major differences … Continue reading → The post Condo vs. Townhouse: Which Should You Buy? appeared first on SmartAsset Blog. Condo vs. Townhouse: Which Should You Buy?
Mother-in-law apartment: small apartment either at the back, in the basement, or on an upper level subdivision of the main house, usually with a separate entrance (also known as a "Granny flat" in the UK, Australia New Zealand and South Africa). If it is a separate structure from the main house, it is called a 'granny cottage' or a 'doddy house'.
Following a consultation by the Law Commission, [1] it was introduced by the Commonhold and Leasehold Reform Act 2002 as an alternative to leasehold, and was the first new type of legal estate to be introduced in English law since 1925. [2] An important difference between commonholds and leaseholds (leases) is that a commonhold is indefinite in ...
If you re a first time home buyer, you may want to consider a couple alternatives to the traditional, single-family home that is surrounded on all sides by its own expensive lawn or driveway.
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 ...
A townhouse, townhome, town house, or town home, is a type of terraced housing. A modern townhouse is often one with a small footprint on multiple floors. In a different British usage, the term originally referred to any type of city residence (normally in London) of someone whose main or largest residence was a country house.
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