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 In King
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State:
Multi-State
County:
King
Control #:
US-00413BG
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King Charles has made a royal splash on Billionaires' Row in Manhattan, shelling out for a lavish condo unit at 111 W. 57th St. Buying a condominium (condo) means buying a residence and partial ownership of communal property within a condo development.We will begin to accept pre-applications for the Martin Luther King, Jr. Apartments located at 375 First Street, Hackensack. Condominiums are housing units in a large property complex that are sold to buyers. While apartments are generally rented, condos are owned. This extravagant apartment adds to the list of luxury properties in the city linked to the Commonwealth. Also in the southern region of town includes many rental options. Condo homes also are known as standard condos. A tall, glassy skyscraper peers out behind several shorter buildings.