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The biggest difference between a condo and an apartment is ownership. An apartment is defined as a residence that is rented, often as part of a larger residential building. A condo can be similar in structure to an apartment ? usually a unit within a larger residential building ? but condos are owned instead of rented.
As townhouse residents own the land their unit sits on, they have greater freedom to modify their exterior spaces, such as landscaping or adding personal touches like a deck or patio. Condo owners, on the other hand, enjoy convenience as exterior maintenance, landscaping, and shared amenities are handled by the HOA.
The Texas Condominium Act, Tex. Prop. Code §§ 81.001 et seq., governs condominium associations created before January 1, 1994. Importantly, condominium associations created before January 1, 1994, are also subject to the laws under Chapter 82 as provided by Section 82.002.
Master deed. This is a deed filed by a condominium owner to record the property and allow sales of the individual condos and use of communal areas by owners.
The master deed is one of the documents that transfer property to be owned by the condominium. It includes a description of the land and buildings, a description of what is the common area and what the individual owners own, a determination of percentage interest, a plot plan, and use restrictions.
A condominium is generally defined as a system of separate ownership of individual units in multi-unit projects.
Site condominiums are also commonly referred to as ?detached? condominiums in that there are no constructed improvements shared by adjacent condominium units, i.e., the improvements within the condominium unit, or that constitute all or a part of the condominium unit, are separate and not connected or shared with ...