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.
Difference Between Condo And Condominium In Riverside
Category:
State:
Multi-State
County:
Riverside
Control #:
US-00413BG
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
A condominium, or condo for short, is a large property complex with individual units that are owned and can be rented out privately. One of the biggest differences between a condo and an apartment is the ability to own them.Condominiums are housing units in a large property complex that are sold to buyers. While apartments are generally rented, condos are owned. Unparalleled amenities. Exceptional residences. No dwelling unit or mobile home space shall be subject to a condominium conversion unless a condominium conversion permit is granted. Plaintiff commenced this action to foreclose on a lien for common charges that allegedly became due and owing to Plaintiff on October 1, 2016. The last two buildings in the Riverside complex that once bore the president's name have voted to remove it. A condo is a typo of property.