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.
Define Condominium In Real Estate In Clark
Category:
State:
Multi-State
County:
Clark
Control #:
US-00455
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
For example, a garden inium complex consists of low-rise buildings built with landscaped grounds surrounding them. A townhouse inium complex consists of multi-floor semi-detached homes.
If a building "goes inium" it changes from having rented apartments to having owned apartments.
A inium Information Statement (CIS) is the packet of documents provided to buyers purchasing a condo unit that is newly constructed or recently converted from a different use.
An example of a condo is a large apartment building where you own your individual apartment but also share in the maintenance of the building's roof, hallways, lobby, elevators, driveway, landscaping, pools, fitness center, and other amenities.
An apartment building in which each apartment is owned separately by the people living in it, but also containing shared areas.
Etymology. inium is an invented Latin word formed by adding the prefix con- 'together' to the word dominium 'dominion, ownership'. Its meaning is, therefore, 'joint dominion' or 'co-ownership'.
A inium, or condo, is an individually owned unit in a complex or building of units. A condo owner owns the space inside their condo and shares ownership interest in the community property, such as the floor, stairwells, and exterior areas.
The word flat is derived from the Old Scottish/Old English word 'flet'. The flet is the interior of the home. Some also think the phrase stuck as most flats are on one floor, and so by definition, the accommodation is on the flat (i.e. no stairs inside). The country has an enduring housing shortage.
A inium is type of living residence within a multi-unit complex where each unit is individually owned. iniums are commonly called condos, for short. The origin of the term 'inium' comes from Latin meaning "joint rule."
Generally, a inium is a private residence that is rented out to tenants, it can be a flat/apartment or an independent house. But in modern use 'condo' is referred to apartments and flats only. Plus, iniums are owned and rented by individuals so renting a condo is more of a personal, one-on-one process.
More info
Condominiums are housing units in a large property complex that are sold to buyers. While apartments are generally rented, condos are owned.Find out more about our team's experience and expertise. Using this handy guide, we'll show you how to select the best condo for sale in Clark and what to watch out for. Condo townhouses are multi-level homes that share walls. They are usually two to three stories high. Resort-Style Amenities: Pools, gardens, and lounges for a unique staycation experience. Clark Construction is building a set of new condos in the Virginia Beach. An HOA resale certificate provides the buyer with important information regarding the homeowners association. Located in Lutwyche Clark Real Estate has been open for over 28 years!