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What is an antonym for condominium?
Single owner title is the opposite of condominium title ownership, both of which are forms of owning real estate assets.
Does owning a condo allow tax benefits?
Owning any property will offer a tax benefit. There a differences in the benefits you would get for a condominium that you are living in versus one that you are purchasing to rent or lease to another person, but there are benefits for both.
What is condominium ownership?
This style of ownership is best described as community real estate assets owned in common by all owners, with owners also owning individual units within the association.
Is a condominium like an apartment?
In some cases a condominium is like an apartment. However, a condominium is form of fee ownership ( each unit owner is the absolute owner of their unit) by which several owners share ownership of a building(s) by each owning their respective units. In a condominium scheme each unit owner also owns a proportionate interest in all other common areas of the project such as the grounds, pool, laundry facilities, community rooms, etc.An apartment is generally a rental unit in the US and Canada. In Europe, an apartment can be a rental unit or a unit in a building that is owned in fee much like a condominium.
What is a highrise condominium?
A high rise condominium is a tall building with condominium units.
Is condominium unit considered real property?
Yes. A condominium is real property and is an estate owned in fee: The owner can sell it, leave it to a beneficiary in his/her will or the property will descend to their heirs at law if they die without a will. Fee simple is the maximum form of real property ownership. Generally, a condominium project is a form of fee ownership by which several owners share ownership of a building(s) by each owning their respective units. In addition to their unit, each owns a proportionate interest in the land that forms the condominium property and common areas of the condominium.
What is the difference between a condominium unit and a condominium phase?
A condominium unit is a single unit in a condominium project, whether residential or commercial. A condominium phase is a development period, during which a developer builds, finishes and/or sells a set or collection of condominium units.
What part of speech is condominium?
"Condominium" is a noun. A noun is a person, place, or thing.
Who is the owner of a condominium?
The titled owner for a condominium unit is the person(s) who owns the unit and may also include the name of a lender who holds title with the owner. The title is held in the local hall of records generally in the form of a deed.
When was the declaration of condominium of oceanquest condominium recorded?
You can find the answer you want in your local hall of records where the Oceanquest Condominium is located.
When was Carbonell Condominium created?
Carbonell Condominium was created in 2005.
When was Atlantis Condominium created?
Atlantis Condominium was created in 1982.
