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 Utah
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"Apartment Building" means a building containing five (5) or more dwelling units. Informal probate is the process for asking the court to appoint a personal representative for a decedent's estate without a hearing.A condominium unit consists of essentially just the airspace within the perimeter walls and the drywall and paint on those walls. CONDOMINIUM: The ownership of a single unit in a multi-unit project, together with an undivided interest in the common areas and facilities of the property. A group of apartments is an apartment complex or apartment building and a group of condominiums is a condo complex or condo building. You own the inside of the condominium and share walls with your neighbors. Condo for sale in Park City, UT: Ski-in, ski-out elegant luxury in the premier unit at Double Eagle in Deer Valley. Discover convenient and modern living in Salt Lake City when you browse 6212 condos for rent.