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 Riverside
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Riverside
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No dwelling unit or mobile home space shall be subject to a condominium conversion unless a condominium conversion permit is granted. 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. Riverside Drive is a north–south avenue in the New York City borough of Manhattan. The road runs on the west side of Upper Manhattan. This place has mice. The buildings at 740 and 745 Riverside Drive were the worst center of dope distribution, crime and violence in our whole area.