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Typically, a townhouse has a strata title; i.e., a type of title where the common property (landscaped area, public corridors, building structure, etc.) is owned by a corporation of individual owners and the houses on the property are owned by the individual owners.
Townhouses and apartments which are owned in the condominium form of ownership are often referred to as "condominiums" or "condos". Court: high-density slum housing built in the UK, 1800–1870. Two or more stories, terraced, back-to-back, around a short alley at right angles to the main street. Once common in cities like Liverpool [8] and Leeds.
Vacation rental bedroom in Liesing, Austria. A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. The term vacation rental is mainly used in the US.
A Florida 'condo cliff' is coming as owners deal with fallout from 2021 Surfside collapse ... Mom of 5 Reveals Steep Rent for N.Y.C. Apartment She Uses for 'Storage' — Despite Having $12K ...
What defines a condominium is the form of ownership. A building developed as a condominium (and sold in individual units to different owners) could actually be built at another location as (for example) an apartment building (the developers would retain ownership and rent individual units to different tenants).
There is a need for units at both price points with a higher demand for market-rate units — 1,125 rentals and 1,940 owner-occupied units compared to 1,040 rentals and 1,100 owner-occupied units ...
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