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A condominium is a type of property where individuals own their individual unit within a shared building or complex, and also share ownership of common areas with other residents. Whereas a single-family dwelling is a standalone residential property that is owned and occupied by a single family. In a condominium, homeowners pay monthly fees for maintenance and management of shared spaces, while single-family homeowners are responsible for all maintenance and upkeep of their property.

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Q: How is a condominium different than a single-family dwelling?
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Why would the receiver have a different dwelling than the rest of the community the giver?

The receiver might have a different dwelling than the giver due to personal preferences, financial circumstances, or lifestyle choices. It could also be a result of cultural practices or family traditions that dictate separate living spaces for individuals within the community.


What is the time limit to file a lien on a condominium?

It depends on the type of lien and the state where the condominium is located. You are best advised to hire an association-savvy attorney to help you. If you are a vendor filing for unpaid work, you have a different set of issues than if you are the association filing a lien for unpaid assessments.


Do you need a certificate of occupancy for a detached garage in New York State?

not unless the detached garage is on a different parcel than the main dwelling


What is a site condominium?

According to the State of Michigan's Condominium Buyer's Guide: "The term "site condominium" is used to describe a condominium development with single-family detached housing instead of two or more housing units in one structure." Other states may have different definitions.


Is a sugar glider terrestrial?

The sugar glider is considered to be arboreal(tree-dwelling) rather than terrestrial(ground-dwelling).


What percentage does a deeded parking garage adds to the total value of a condominium?

Your answer depends on the location of the condominium and its parking amenities. A condominium next to a NFL stadium with a deeded parking spot may be able to rank the parking asset higher than a continuum next to a free municipal parking lot.


How much does a condo cost?

It depends on the geography where the condominium community exists.Some condominiums can be bought for less than $250,000, and some condominiums cost more than $10,000,000.Look in your local want ads to see the price range in the are where you want to buy a condominium.


What special adaptations do manatees have that allow them to stay underwater longer than the average land-dwelling mammal?

Manatees are not land-dwelling, they are water-dwelling mammals therefore their lungs are bigger so they can stay underwater longer.


What is accessory dwelling unit?

An accessory dwelling unit, or ADU, is a second dwelling unit. The second unit can be attached to an existing house or on the same lot and it is built auxiliary to the main home. It is smaller than the main house.


What is a junior condo?

Usually the term describes a smaller than average condominium unit within a community.


What is the average price for New York condominiums?

The average price for a New York condominium will depend on how you purchase it. A furnished condominium will be much more expensive than an unfurnished one. They can start as low as under a $1,000 and go up from there.


Is a condominium a single family or a multi family dwelling?

It all depends. Legally, a condominium is simply a form of real estate ownership, regardless of its structure. Marinas can be condominiums, and in fact, the continent of Antarctica is listed as a condominium. As well, commercial properties can be condominiums. The answer depends on who's 'looking' at the property. A bank, for example, may acknowledge it as a condominium, and thereby apply certain rental percentage limits on the association before giving a loan to purchase the property. As an owner, you can consider it a multi-family dwelling, since you have neighbors 'a wall' away from your home. Your insurance, for example, should dovetail with the master insurance policy that covers real estate you own in common with other owners. As well, you are required to abide by the CC&Rs contained in the governing documents, and pay monthly assessments. As a public utility, you can define and categorize a condominium any way you want to -- apparently. In some small, rural communities, public utilities choose to regard condominiums as 'single family homes' for the purposes of exacting higher sewer and water fees from these owners than it offers apartment owners, who may pay a lower rate. If yours is a dwelling that looks like a single family home, but all the land under all the homes in the development is owned in common with all other owners, you may live in your home as though it were a single family home, but you may also have restrictions as to how you paint or decorate the exterior, and you may also have CC&Rs that you must abide by.