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 Real Estate Definition In Bexar
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Multi-State
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Bexar
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US-00455
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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.
Inium Definition: A form of real property with portions of the real property designated for separate ownership or occupancy, and the remainder of the real property designated for common ownership or occupancy solely by the owners of those portions. TUCA Sec. 82.003.
Section 82.111 - Insurance (a) Beginning not later than the time of the first conveyance of a unit to a person other than a declarant, the association shall maintain, to the extent reasonably available: (1) property insurance on the insurable common elements insuring against all risks of direct physical loss commonly ...
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.
What exactly is a “site inium?” • The FHA definition of site iniums. o Site iniums: A inium project “that consists entirely of single- family detached dwellings.” These homes have no attached buildings, shared garages, etc.
The measure used to determine a condo owner's share of inium contributions (fees) and voting rights. Typically, unit factor is proportional to the size of the owner's inium unit.
: a unit in a multiunit structure (such as an apartment building) or on land owned in common (such as a town house complex)
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A Certificate of Occupancy is required for all businesses in the city. Learn more about applying for a Certificate of Occupancy.A condominium or condo is a designation given to homes that are attached to one another in one or more ways. San Antonio's residential zoning laws help manage land use within city limits. The most important source of information about your relationship with your landlord is your rental agreement, whether it is written or oral. Accessory apartment. A dwelling unit located within the principal dwelling, and that is accessory, supplementary, and secondary to the principal dwelling unit. A TODD is a way Texans can pass on land or a house without a will. A "Multi-Family Dwelling" means any residential structure consisting of four (4) or more residential dwelling units. A Condominium Information Statement (CIS) is the packet of documents provided to buyers purchasing a condo unit that is newly constructed or recently converted.