A condominium is a combination of co-ownership and individual ownership. Those who own an apartment or a condominium are co-owners of the land and of the halls, lobby, and other common areas, but each apartment or condominium unit in the building is individually owned. In some States, the owners of the various units in the condominium have equal voice in the management and share an equal part of the expenses. In other States, control and liability for expenses are shared by a unit owner in the same ratio as the value of the unit bears to the value of the entire condominium project. The bigger condominium owners would have more say-so than the smaller condominium owners.
This Agreement to Lease a Condominium Unit is similar to a lease of an apartment.
Condominium With Apartment Block Meaning In Franklin
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A qualified attorney must review the legal documents for all new condominium projects that are not twounit to fourunit projects. NYCHA Development Maps display residential and non-residential structures with building and address numbers as well as tax lot boundaries.What Does Condo Mean? A condo, short for condominium, is an individually owned residential unit in a building or complex comprised of other residential units. A condo is a detached, single-family house in a development with an HOA that takes care of all maintenance and repairs. A condominium, often shortened to simply "condo," is a privately owned individual unit within a community of other units. The information below can help people with disabilities find housing-related resources, services, and benefits. A structure containing three or more dwelling units, whether for rental, condominium ownership or other forms of tenure. Condo in Franklin Park, NJ. Name your price. Discover convenient and modern living in Franklin Township when you browse 239 condos for rent.