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Down payment, closing costs, monthly mortgage payment, HOA fees. Unit. First-time homebuyers, downsizers ... Of course, you and all your neighbors pay HOA or condo fees to cover these costs. Condo ...
Condominium is an invented Latin word formed by adding the prefix con-'together' to the word dominium 'dominion, ownership'. Its meaning is, therefore, 'joint dominion' or 'co-ownership'. [3] Condominia (the Latin plural of condominium) originally referred to territories over which two or more sovereign powers shared joint sovereignty. This ...
She landed the 1,500-square-foot condo for $220,000, with a monthly condo HOA fee of $630. A few months later, in March, the fee jumped to $930. Condo association leaders told Vassell that will go ...
The Condominium Act, at Section 718.110, Fla. Stat., says that, unless permitted by the original declaration, “no amendment may…change the proportion or percentage by which the unit owner ...
Inspection fees, usually paid by the buyer [3] (although occasionally by the seller), charged by licensed home, pest, or other inspectors. Some lenders require inspections (such as termite inspection) to verify that the property is in good condition, which is necessary to assure that the property will retain the necessary collateral value to ...
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents. [1]
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