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 Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00413BG
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
The purpose of the multi-family residence districts is to provide for alternate living styles including rental, condominiums and single ownership of land. Under the Arizona Condominium Act, the creation of a condominium requires the recording of a condominium plat and a condominium declaration.A townhouse differs from a condo in that it is a housing best categorized somewhat between a standard singlefamily home and a condo. Zillow translation of this in the rental sense: Gated community means most residents are taken to jail every Friday night. 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. I think the main steps include filling out and submitting an application and then attending the hearing the following month to have it voted on. The Arizona Condominium Act applies to all condominiums in the state, regardless of when they were created. Arizona Condo and Townhome Association Management Services. Our combined buying power means savings for your community.