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Some condominium buildings in the United States have been listed on the U.S. National Register of Historic Places. In some cities in the United States, such as Lakewood, Ohio, city governments have attempted to invoke eminent domain upon residents to take over their property and enable private developers to build condominiums. [2]
In condominium townhouses, the purchaser owns only the interior, while the building itself is owned by a condominium corporation. [55] The corporation is jointly owned by all the owners and charges them fees for general maintenance and major repairs. Freehold townhouses are exclusively owned, without any condominium aspects.
At the Palm Bay Yacht Club, condo owners were told they would need to pay for a $33 million construction project, prompting a group of residents to sue the condo board, the building management ...
Many of the 160,000 condominium buildings in the United States do not have sufficient funds to carry out major repairs. [ 20 ] Poor-quality housing in the United States is associated with increases in chronic illnesses such as asthma and eczema, as well as the negative effects from the persistence of environmental lead (e.g., from lead paint ...
But new state laws require condos to have sufficient cash reserves to cover any major repairs and conduct inspections on buildings three stories or higher — which is forcing more condo owners to ...
Trump bought out the Equitable's stake in 1986, [180] and now owns the office and retail components of the tower. [181] The building also contains the three-story penthouse apartment that was Donald Trump's primary residence until he moved to the White House. [182] The value of the tower was estimated at $450 million in 2017. [183]
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments. As of January 31, 2021, the company owned 79,856 apartment units in New England, the New York City metropolitan area, the Washington, D.C. metropolitan area, Seattle and California.
Pedestrian bridge connecting Trump Plaza to New Roc City. Trump Plaza New Rochelle is a 40-story luxury condo building located in New Rochelle, NY.The Trump Organization no longer manages the property after its services were terminated by the Condo Board in October 2021, and the building is now managed by AKAM Associates.
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