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 Without Apartment Block In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00413BG
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Word;
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5 Franklin Place, located in the heart of Tribeca, Manhattan, is a modern condominium that exemplifies luxury urban living. Hot water is generated centrally and circulated to each individual apartment unit.These Guidelines shall govern the purchase of Apartments (the "Apartment") in the Corporation's building. For a single family dwelling all that is required is the Street Address which consists of the assigned number along with the complete name of the Street. Evidence of the existence of. Liability and Fidelity insurance coverages is not required.