Seller agrees to sell and the buyer agrees to buy a condominium unit under the terms and conditions of the contract. Other provisions of the agreement include: closing costs, deposits, insurance and proration.
Condominium Meaning In Real Estate In Allegheny
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Allegheny
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A person's residence or home. inium. house. cooperative. townhouse.
A inium, more commonly known as a "condo,” is a residential property privately owned and rented out to tenants. Unlike apartments that are leased via an agency or landlord on-site, renting iniums involves a one-on-one process between the owner of the condo and the prospective tenant.
The term "inium" is mostly used in the US and Canada, but similar arrangements are used in many other countries under different names. Residential iniums are frequently constructed as apartment buildings, referred as well as Horizontal Property.
Inium | Business English an individual apartment in such a building: Search our website to find new condos for sale.
A inium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners.
Synonyms: condo. abode, domicile, dwelling, dwelling house, habitation, home. housing that someone is living in.
An apartment building in which each apartment is owned separately by the people living in it, but also containing shared areas.
A condo building is a large property complex divided into individual units, each separately owned. Condo buildings give you an exclusive living space stacked in a community setting. You own your unit, but you also share ownership of the common areas and facilities with your fellow residents.
Pennsylvania's inium property acts require that a registered land surveyor prepare a plat showing the elevations of floors and ceilings on a vertical plane and the boundaries of a inium unit with reference to an official datum.
What is the difference between a flat and a condo? Flat and condo are the same thing – a set of rooms that is on one floor. In USA, a flat is usually rented, while a condo is owned.