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Gated communities in Indonesia still allow outsiders to use some of the facilities inside the community because there is a regulation that the social facilities in the residential development should be handed to the local government to be used by the public. [26]
In other property regimes, such as those in Hong Kong and Finland, the entire buildings are owned in common with exclusive rights to occupy units assigned to the individual owners. The common areas, amenities, and utilities are managed collectively by the owners through their association, such as a homeowner association or its equivalent.
An age-restricted community is a residential community, often gated, that legally discriminates on the basis of age to limit residency to a majority fraction of older individuals—typically 80% over a set age. The minimum age is frequently set at 55 years old, but it can vary.
You can also get an inflation rider so that if the value of the property increases, so does the amount of coverage (up to a certain point). Keep in mind that the cost of title insurance can vary ...
A housing estate (or sometimes housing complex, housing development, subdivision or community) is a group of homes and other buildings built together as a single development. The exact form may vary from country to country.
A unit of real estate or immovable property is limited by a legal boundary (sometimes also referred to as a property line, lot line or bounds). The boundary (in Latin: limes ) may appear as a discontinuation in the terrain: a ditch, a bank, a hedge, a wall, or similar, but essentially, a legal boundary is a conceptual entity, a social construct ...
Key takeaways. A property survey legally defines the boundaries of a plot of land. Mortgage lenders and/or title companies may require one when you're buying a house.
Its origins come from the last lines of the Fifth Amendment … “[No person shall] be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for ...