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Condominium ownership is also used, albeit less frequently, for non-residential land uses: offices, hotel rooms, retail shops, private airports, marinas, group housing facilities (retirement homes or dormitories), bare land (in British Columbia) and storage. The legal structure is the same, and many of the benefits are similar; for instance, a ...
In real estate, a condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individually sold units as condominiums. Such entitlement is generally derived from ...
In some cities in the United States, such as Lakewood, Ohio, city governments have attempted to invoke eminent domain upon residents to take over their property and enable private developers to build condominiums. [2] This may be done in an effort to generate more revenue by increasing property tax bases. [2]
Today, there are "60 million people who now live in roughly 300,000 private communities" in the United States. [ 4 ] A noteworthy Canadian example, Arbutus Ridge Seaside Community for Active Adults in the Cowichan Valley on Vancouver Island was the first comprehensive retirement community built in Canada.
Condo owner asks: But aren't pools 'private' areas too, with regard to use of security cameras. Gannett. Ryan Poliakoff. February 11, 2024 at 12:31 PM.
Private property in the means of production is the central element of capitalism criticized by socialists. In Marxist literature, private property refers to a social relationship in which the property owner takes possession of anything that another person or group produces with that property and capitalism depends on private property. [19]
Up to three condo buildings will be nearing completion by August. The racetrack is a 1.7-mile circuit on 52 acres. The racetrack at Circuit Florida will be a 1.7-mile circuit on 52 acres.
Outside will be a private pool with a full kitchen on a 2,500-square-foot terrace. The developers hope it will sell for about $40 million, or more than $5,000 per square foot of interior space.