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  2. A reckoning is coming for Florida's condo owners as buildings ...

    www.aol.com/news/reckoning-coming-floridas-condo...

    Owners at the Surfside condos in Daytona Beach, where a two-bedroom unit is currently listed for $415,000, have paid between $50,000 and $60,000 in assessments to have their building’s concrete ...

  3. South Florida condo owners are dumping their homes after ...

    www.aol.com/finance/south-florida-condo-owners...

    Some owners, like Ivan Rodriguez, who liquidated his 401(k) retirement account to buy a unit for $190,000 in 2019, can’t afford the extra fees, so they’re putting up their condos for sale ...

  4. Multifamily residential - Wikipedia

    en.wikipedia.org/wiki/Multifamily_residential

    A condominium building in Bethesda, Maryland. Multifamily residential, also known as multidwelling unit (MDU) is a classification of housing where multiple separate housing units for residential inhabitants are contained within one building or several buildings within one complex. [1] Units can be next to each other (side-by-side units), or ...

  5. Common area - Wikipedia

    en.wikipedia.org/wiki/Common_area

    Common area. A common area is, in real estate or real property law, the "area which is available for use by more than one person..." [1] The common areas are those that are available for common use by all tenants, (or) groups of tenants and their invitees. [2][3] In Texas and other parts of the United States, it is "An area inside a housing ...

  6. Homeowner association - Wikipedia

    en.wikipedia.org/wiki/Homeowner_association

    Homeowner association. A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community), is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.

  7. Why buying a cheap older condo in South Florida could be a ...

    www.aol.com/finance/why-buying-cheap-older-condo...

    Close to 88% of condos on the South Florida market were built over 30 years ago, an ISGWorld analysis shows. Prices for these older condos have fallen substantially, with an average sales price of ...

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