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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 ...
A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the ...
Condominium: a form of ownership with individual apartments for everyone, and co-ownership (by percentages) of all of the common areas, such as corridors, hallways, stairways, lobbies, recreation rooms, porches, rooftops, and any outdoor areas of the grounds of the buildings. Townhouses and apartments which are owned in the condominium form of ...
Alexandra Glorioso. June 14, 2024 at 5:36 PM. Gov. Ron DeSantis on Friday quietly signed a controversial condominium bill into law that unit owners are already threatening to sue over if lawmakers ...
Maybe you've heard condo living offers added convenience and flexibility, since the upkeep of common areas is accounted for with quarterly or monthly condo association fees. While there are plenty ...
Shared areas of condos are usually managed by a condo association, ... Some condos might include offerings that simply cover basic upkeep of the common areas, while others can include a gym, pools ...
Common-interest development. Condominiums in San Ramon, California. Common-interest development (CID) is the fastest growing form of housing in the world today. [1][2] They include condominiums, community apartments, planned developments, and stock cooperatives. [3][4]
A condominium or "condo" is a form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned. Use of land access to common facilities in the piece such as hallways, heating system, elevators, and exterior areas are executed under legal rights associated with ...