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Membership in a condo is obtained by buying the shares on the open market, most often through a real estate agent. No board approval is needed to buy shares, but in some cases other stockholders or the housing cooperative itself has the right to claim the stocks being sold. There is usually no requirement for the owner(s) to live in the condo.
Trump Palace sign (2019) Trump Palace Condominiums is a 623 ft (190 m) tall skyscraper at 200 East 69th Street in the Upper East Side of Manhattan, New York City.It was completed in 1991 and has 54 floors.
The area is zoned for manufacturing, which precludes permanent residences from being built there. The condo-hotel design was approved after negotiations with New York City Mayor Michael Bloomberg. As a hotel condominium, 391 dwelling units within the building will be privately owned, but no unit may "be occupied by the same person for more than ...
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Amy Robach and her husband, Andrew Shue, sold their New York City apartment one week before the Good Morning America co-anchor was photographed getting cozy with coworker T.J. Holmes.
The Florida Legislature passed condo reform legislation in a May 2022 special session as Senate Bill 4-D, addressing issues highlighted in the aftermath of the Surfside collapse. [206] It was modeled on the 40 year recertification [207] scheme. [208] The bill creates a state-wide inspection program for condo buildings taller than three stories.