What is the legal difference between a hotel and a condominium resort?
Legally, a hotel is owned by a single owner and the property managed for the benefit of both the owner and guests.
Each condominium unit is owned individually, and its association manages the business of the condominium.
Each condominium unit is owned individually, and its association manages the business of the condominium.
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A motel, was derived as a combination of the words "motor hotel,"is best described as a one or two story structure with rooms thatopen to the exterior of the building, usually surrounded by acommon balcony or patio. A hotel has rooms that open to the interior of the building, alonga hallway, and is… multi-storied. Besides this, the major difference is the locality of a motel,motels are mostly situated at highways, outskirts of villages,cities, and towns where travelers can spend night. Hotels arecommonly in the middle of cities or near tourist places. ( Full Answer )
A hotel may consist of guest rooms, restaurants, a pool, meeting space and business services. A resort, by most standards, may include all the above, but must also include an associated recreational aspect, be it golf, spa, amusement park, skiing, etc.
They both offer rooms, but a motel has additional facilities forcar parking, and really caters to thosse who are going to adestination with a car
In the United States a condominium is a form of fee ownership of a unit in a multi unit complex. An apartment (sometimes called a flat) is typically a rental property consisting of a room or suite of rooms in a building containing a number of such dwellings.
Hotel and Residential Hotel . A hotel provides fully furnished rooms with maid service, primarily for visitors staying for a short time.. A residential hotel is more like an apartment. Basic furnishings and some maid service are usually provided to meet the particular needs of a guest, who will …occupy the rooms as if they were a permanent residence. ( Full Answer )
a villa is ground level. it comes from spanish/mexican for dwelling. a condominium can be on ground level, but is always in a high rise building
A "resort hotel" is essentially a near-meaningless marketing term, but generally it indicates that the hotel offers vacation amenities and not simply a place to sleep. A place calling itself a "resort hotel" usually has a variety of pastimes either on the grounds or immediately adjacent and somehow …affiliated with the hotel. Exactly what these are varies, but some common ones are golf, skiing (snow or water), a spa, fine dining, etc. ( Full Answer )
A condominium hotel is probably a mixed-use high-rise building, where the lower floors are a commercial hotel and the upper floors are condominium units.
Depends on the Hotel, depends on the Resort. The question is one of "tangible" and "intangible". A tangible is an exchange of product for money. An intangible, is an exchange of experience for same. If you book into a fine hotel in Paris, London or New York and pay thousands per night, it is reason…able to expect thousands of comforts. If you pay thousands to spend a night in the mountains or on safari, it is reasonable to expect thousands of experiences. Different expectations. ( Full Answer )
Hotels have lodging and restaurants and are based in cities and towns while motels are mostly for motorists who rent rooms with garages for parking and for just one night stay mostly.
1. Both provide accommodation for a short period of time. 2. The facilities & standards in rooms are almost same. 3. The room rates depend upon the market demand & the hotel grading. 4. Both provide free services like wifi, hot&cold water, airport pick up, music etc. Manoj - email@example.com
Well, in India there is very small difference between the two. We call it a Hotel where we take food. It is not at all wrong saying that "I am eating now in a hotel" or "Let's have a coffee in the hotel". But actually when we say Hotel it points to a place where we stays where we are away for any …vacations or any business meetings and when we say a Restaurant it is completely a place where we can only take food. No way we can take a full night rest in a restaurant. A hotel can have a restaurant or more than one restaurant within it. ( Full Answer )
Resort hotels are hotels where you go for a family vacation and to have peace.
All hotels are commercial. A Resort is planned and managed. . A resort hotel is typically in a vacation (resort) area, and caters mostly to vacationers, especially on beaches. Other hotels are in business and downtown areas, which is where most of the business travelers stay, as well as those just… passing through and need a place just for the night. ( Full Answer )
resort is a place to vacation and a destination is where you want to go
A resort usually involves a reasonable selection of things to do within it's walls: golf, kids club, riding, etc. A hotel is generally simply a place to stay with a restaurant and occasionally a pool and gym.
A brief search reveals that Resort Condominiums International (RCI) was formed in 1974, specializing in time-share vacation rentals. It is not clear how many entries existed in their first directory. You can read more about their beginnings, below. As well, you can view their current site, belo…w. (Please note that this link does not imply any endorsement of this business.) ( Full Answer )
Generally the term 'condominium resort' refers to a collection of residences built in a resort area. A unit in the complex may be referred to a 'resort condominium'. Sometimes the governing documents require that the residence be available for rent for a fixed minimum number of days or weeks duri…ng the year. ( Full Answer )
location? I think resort at some point need to be related to a vacation place. . A boutique hotel is a smaller, often luxurious or individual facility, usually with less service than a not-boutique hotel. These services are more personalized, though. It's common that the staff knows the guest'…s name and know what does he/she like etc. A b. hotel is usually in the city center, or there are some in the country as well, but it's not that common... A resort hotel is at the beach, mountains, etc, so a place, where many tourists go and it's rather a "mass"-facility, nor so unique. . I would like to know more about your opinion of boutique hotels, so i need your help: http://online-kerdoiv.com/index/view/hash/25bdfb03d0ed51c0f69789fe2ca575c5 . Please fill it, it only takes 5 minutes, it'd be a great help. . Read more: http://wiki.answers.com/Q/Discuss:Difference_between_boUtique_hotel_and_hotel#ixzz1b7hbOXqF . ( Full Answer )
There is a company named Resort Condominium International (RCI),that affiliates with resort properties and markets them togetherwith other travel services.
A condo is a privately owned unit in a multi unit building that includes common areas, facilities and various amenities. It is considered real property. A penthouse is a posh apartment at the top of a building typically differentiated by luxury features and privacy. It can be privately owned or a… rental. ( Full Answer )
Townhouse is a style of building, generally with multiple storiesstacked upon each other that represent a residence. A condominium is a style of real estate ownership whereby multipleowners own individual units and in addition, own a percentage shareof the real estate assets that make up the communi…ty. Condominiumcommunities can be residential, commercial or a combination ofthese uses. A slip in a marina can be a condominium. ( Full Answer )
1. Visitor Market/Target Market. 2. Facilities. 3. Location. 4. Recreation. 5. Seasonality. 6. Personnel Attitude. 7. Managers. 8. Corporate/Employer Responsibility. 9. Employee Housing. 10. Labor Skills. 11. Sources of Revenue. 12. Activity Control. 13. Balance Sheet. 14. Resort and Tr…aditions. ( Full Answer )
All are living spaces. A condominium -- of whatever style -- is owned by the unit owner. A duplex or a town home could be building styles. Each could be rented or owned.
Condominium is a form of real estate ownership. Townhouse is astyle of residential building. See related question link.
A private house is owned by an owner who also owns the land. A private house owner is responsible for the maintenance, upkeepand preservation of the private house and property. A condominium house is part of a larger community which is owned byall owners in equitable share, and the house being owne…d by anowner. A condominium house owner pays assessments to the association thatoperates the community. The board is responsibility for themaintenance, upkeep and preservation of all real estate assetsowned by the community. ( Full Answer )
Chain hotels tend to be all about uniformity - every room in every hotel in the chain is pretty much a carbon copy of the others. They are often in purpose built buildings that are very 'functional'. Boutique hotels are usually smaller and more personal/individual feeling. They are often in perio…d buildings are have a lot more character. Both types tend to have good facilities, it really just depends what you are looking for.. ( Full Answer )
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.
Condominium ownership is a form of real estate ownership, wherein an owner owns a unit individually, and shares ownership with other owners, of the real estate assets that make up the community. A planned unit development may be just that: a development with pre-planned units. Units can be retail… storefronts, petrol stations, residences, parks and so forth. The style or form of real estate ownership is not clear in the phrase 'planned unit development'. Since they each involve units they may be describing the same type of housing. A condominium is a fee ownership. A planned unit development could be a rental or coop. ( Full Answer )
Attached condominiums are attached to something: a garage or another condominium. A detached condominium is not attached to anything.
Hats off to Kluss for his legal definitions above. . . These termscan be interchangeable both as forms of real estate ownership, andin the style of building. . A duplex is any kind of building with two separate units, andits legal ownership may be as a condominium. . Condominium is a form of real… estate ownership, and may applyto residential buildings, commercial buildings, storage andwarehouse buildings, even boat slips. (Antarctica is owned as acondominium.) . Townhouse may be a style of building with at least two stories,and its legal ownership may be as a townhouse, condominium orsingle family dwelling. ( Full Answer )
You rent an apartment fom someone who owns the whole building, youown a condominium, or rent it from someone else who does.
Townhouse Generally, a townhouse is one of a row of attached dwellings that share common walls. The term 'town home' is used in some regions. Each 'townhouse' owns the land beneath it and there may or may not be common areas set up by the developer. However, a townhouse is an individually owned …attached building and the owner owns the land underneath it. There are lot lines that separate the ground under the buildings even though the buildings are attached. The lots at the ends of those buildings generally contain more land. The exteriors of the buildings are owned by the townhouse owners. The ownership of a townhouse is a fee simple estate. To confuse the average person who is not experienced with property law, some condominiums are called townhouses. In that case the term refers more to the style of the condominium buildings. Condominium 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 such as pools, recreation areas, game rooms, community rooms, elevators, stairwells, corridors, streets, surrounding land, laundry rooms, and unassigned parking areas. By the acceptance of their unit deed each unit owner agrees to have their unit subject to the provisions in the Master Deed. Although a condominium is governed by statutory law, can promulgate rules and regulations and assess monthly maintenance fees, the ownership of a condominium unit is considered a fee simple estate. . Types of Condominiums: . Generally, a "Townhouse condominium" is a building style that describe a condominium unit on multi-levels. There are also condos in high-rise buildings, two or three in several separate buildings, patio style and garden style condos. Duplex style single homes have been converted into condominiums with each unit owner owning a 50% interest in the ground under the dwelling. The exterior of the buildings is the responsibility of the Condominium. The different types of condos are only limited by imagination and the laws of the jurisdiction. The primary factor is that you own the unit, have a common interest in the common areas and facilities and own a percentage of the fee simple interest in all the land owned by the condominium. Duplex A duplex is a single house which is owned in fee with two units that share a common wall. It can be owner occupied with multiple owners dwelling in the two units, one unit rented to tenants or both units can be rented. The important factor when comparing it to a condominium is that there is a single owner of the property by deed, in fee. ( Full Answer )
A hotel is somewhere you spend the night when you are out of your house. A hostel is a person or thing that can cause you harm.
The official difference is in ownership: an apartment is owned by a landlord who may also own other apartments in the same complex; a condominium is owned by a single owner and that ownership includes a percentage ownership in the community's common areas. A condominium may be in the style of an a…partment, especially, in urban high-rise buildings. ( Full Answer )
Condominium real estate ownership is a particular form ofownership: every 'unit' owner owns a unit and also owns theremainder of the 'community' property in common with all otherowners. A 'unit' can be an apartment, a retail space, or a stand-alonebuilding. It can be a boat slip, a warehouse unit a…nd so forth. Itcan also be a single family home. 'Community' assets can be a high-rise building and its land, aseries of multi-family buildings and the land upon which thosebuildings sit, a collection of amenities, such as a club house, apool, a golf-course, or the land upon which a single-family homesits. Otherwise, a single family home is owned by an owner, who also ownsthe land upon which the house sits. The owner's name is the onlyname on the title in addition to whatever mortgage lender isinvolved, if any. ( Full Answer )
Most commonly, a hotel is owned by a corporate owner who then rents rooms in the property. A condominium hotel could be run like a hotel, but with units -- rooms -- owned by individual owners.
Your governing documents should clearly state what is expected from the Secretary. Generally, your responsibilities include drafting board meeting minutes, circulating them among the board members before sending them to the membership, and making them available to anyone legally allowed to read th…em. Board meeting minutes are the written history of the association's business affairs. ( Full Answer )
The main differences between Hotel and Resorts are as follows- 1. Hotels may be situated at any place in city area or in suburban area but contrary a resort property is always situated in any natural area for instance near lakes, rivers sea or on hill. 2. Resorts are spreaded in a larger area …than hotels. 3. Resorts must provide recreational and sports facilities such as Golf, tennis, volleyball etc. but hotels may or may not provide sports facilities. 4. Resorts generally receive tourists whose purpose are leisure, recreation, health or pleasure but hotels receive guests of various purposes like pleasure or business. ( Full Answer )
Generally, a condominium is a collection of multi-family units and an HOA consists of single-family units. However, this generalization is not always exact. Both are ownership styles of real estate, where owners own individual units and own common areas in common with all other owners.
In USA, and possibly in other locales, condominium is unique to a form of real estate ownership. A condominium community is governed by a set of governing documents that usually defines a board of directors who operate the corporation, and more. In a cooperative society, there is no implied defini…tion of real estate ownership, and the over-arching foundation is that everybody agrees about everything. A condominium can be regarded as a private democracy, where owners vote on some items, and board votes generally define action that is taken by the corporation. ( Full Answer )
Regardless of your location, a villa is a style of residence: condominium is a form of real estate ownership without a definition of the residence style.
A city hotel is used by city travelers, business travelers, or people who only need a place to stay for one or two nights. It usually has nice facilities that are up to guest expectations and competition. A resort hotel is a relaxation property. Guests stay at resort hotels for longer periods of t…ime for the purpose of a getaway or vacation. Therefore, resort hotels are known for having numerous and more luxurious amenities. ( Full Answer )
Mostly services. A pension (in the Continental usage of the term) is essentially a boarding house. A hotel includes services and amenities in the price. A hotel is more expensive than a pension.
Condominium is a form of real estate ownership. Apartment is a description of a living space that is occupied on a rental basis and is generally located within a building that is occupied by more than one household. .
Usually a resort is a place or area (eg a town or village) while an hotel is one place providing accommodation in that area (eg a building in the town or village).
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The difference is in the ownership of the property. Read your governing documents to determine if time-share use is permitted by owners. The definition for a hotel implies irregular lengths of stay, as does time-share. The difference is in who owns the unit. A condominium unit owner may not be abl…e to use the unit as a time-share unit; whereas a hotel unit can be used for irregular lengths of stay. ( Full Answer )
A resort is a place (town, community, commercial establishment) that visitors come to for relaxation or recreation. Resorts can be such things as beachfronts, lakes, amusement parks, spas, sporting facilities (golf courses are common), gambling casinos, ... A hotel is a a business that provides t…emporary shelter/sleeping accomodations for travellers. Typically, there will be hotels at or near a resort. And, in the case of a commercial resort establishment, the resort may well integrate a hotel with its services. But, the two terms are not synonymous. ( Full Answer )
The main differences between townhouses and condominiums are their structure, ownership, and whether they are governed by state statures. Townhomes, more commonly referred to as town houses, are rows of independent, identical houses that share walls and the owner, typically the resident, owns the la…nd, yards/decks, and the home itself. A condominium is a small housing structure within a larger structure, similar to an apartment complex, where the owner owns only the condominium being rented/bought, and state statutes can regulate various aspects of the building itself. ( Full Answer )