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 Maricopa
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State:
Multi-State
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Maricopa
Control #:
US-00413BG
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A dwelling unit providing complete independent living facilities for one or more persons that is located on a lot with another primary, single-unit dwelling. Step 1: Obtain a Transaction Privilege Tax license with the Arizona Department of Revenue.Check your Maricopa property to look at your specific ADU requirements. The project is just the crest of the wave of multifamily housing coming to Maricopa, unlocking previously impossible development opportunities. As a leader in property management Maricopa AZ, FirstService Residential Arizona manages community associations and HOAs.