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Your governing documents will give you the answer you seek: there is no standard.
A residential condominium typically contains only residential condominium units. Some condominium projects offer mixed use when they include some units for commercial use such as restaurants, offices or shops at street level with residential units on upper levels. Others are strictly dedicated to commercial use. The use is clearly set forth in the Master Deed. Generally, if you own a residential condo unit you cannot use it for commercial purposes.
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What is Bankruptcy Chapter 4?
What qualify u for bankruptcy
Do you finance purchase of commercial property?
Yes, you can certainly finance commercial property. One method is a conventional loan. 20% down and the note is backed through personal property, signature and the land itself. There are also small business loans that you may qualify for. Contract for deeds also work. Most commercial property is under some form of finance.
What is the annual property tax on a condo in new orleans, la that is priced at $280K?
The property tax on a condo in new orleans, la would be 4% of the value of the properrty
What types of vehicles qualify for a commercial vehicle loan?
Any vehicle that is going to be used for commercial purposes would qualify for a commercial vehicle loan. You will also have to have commercial insurance on the vehicle.
Where can one find information on condo insurance?
Condo insurance can be purchased at the same places that sell homeowners insurance and will cover the costs of your property inside your condo and will pay for damages incurred.
Can you have a reverse mortgage on a condo?
Yes, you can have a reverse mortgage on a condo. However, the condo must be approved by the Federal Housing Administration (FHA) for reverse mortgages. The condo complex must meet certain eligibility criteria set by the FHA.
Do California condo owners pay property taxes?
Yes. Just as you would pay property taxes on any property that you own.
What do you call a property with a 2 or 3 people owning it?
Maybe a condo
Who is the artist of the new Rhapsody commercial with people in condo?
Noche Nada by Givers
Can you buy condo if you are ssi?
Your mortgage lender will help you qualify, regardless of the type of real estate you want to buy.
Can access be denied to dads condo during probate?
The executor controls access to the assets of the condo. To preserve the assets, they can keep others off the property.
Where can one purchase a cheap condo in Rochester?
One can purchase a cheap condo in Rochester from these sources: The Rich Group, Home Finder, Realtor, Condo, Bean Group, Property Guru, Zillow, to name a few.
