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Condominium is a form of real estate ownership -- a land-use definition, and can be used by developers who develop single family homes, multi-family dwellings, mixed use high-rise buildings, boat slips, garages, warehouse spaces and so forth.
The basis for condomoinium ownership is this: an owner purchases a private-use portion of the development, and the association -- made up of all owners -- owns most of the real estate assets in common, together -- in shares equal to the allocated interest assigned to the private-use portion.
What else can I help you with?
What type of houses are in Edmonton Real Estate?
"The types of houses that are found in Edmonton Real Estate I think are just houses and condominiums. They may have apartments, but I think mainly just houses and condominiums."
When was Elysées Condominiums created?
Elysées Condominiums was created in 1972.
When was Meridian Condominiums created?
Meridian Condominiums was created in 1985.
When was Grande Condominiums created?
Grande Condominiums was created in 2005.
What are the typical house types in the US?
modern day houses . mansions . apartments . condominiums . and beach houses ! hope this helped you out ! : )
When was Harbor Club Condominiums created?
Harbor Club Condominiums was created in 1992.
When was La Rive Condominiums created?
La Rive Condominiums was created in 1987.
When was Park Plaza Condominiums created?
Park Plaza Condominiums was created in 1965.
When was Trump Palace Condominiums created?
Trump Palace Condominiums was created in 1991.
When was The Condominiums at North Bank Park created?
The Condominiums at North Bank Park was created in 2007.
What is a pride endorsement on your homeowners coverage?
A pride endorsement is a strangely-named additional policy, usually for condominiums, that covers certain types of water damage.
Does real estate development include the construction of condominiums?
Real estate development includes the construction of condominiums
