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A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts. [ 1 ]
In 1981, Apache Corporation formed the United States' first MLP, Apache Petroleum Company (APC). Apache’s success drew other oil and gas companies to the MLP structure. Real estate companies soon followed, and by the mid-1980s, MLPs became so popular that they were adopted in a variety of industries, such as restaurants, hotels and cable TV.
Nassau had a population of 128,420 females and 117,909 males and was home to 70,222 households with an average family size of 3.5 according to the 2010 census. [19] Nassau's large population in relation to the remainder of the Bahamas is the result of waves of immigration from the Family Islands to the capital. Consequently, this has led to the ...
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Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
Other lawsuits involving condo-hotels and their owners would also be affected. What condo dwellers and buyers need is clarity and fairness, but the 154-page bill that emerged after a late ...
Other countries have legislation based on similar principles but with different definitions and using different mechanisms in their administration. Strata title schemes are composed of individual lots and common property. Lots are either apartments, garages or storerooms and each is shown on the title as owned by a lot owner.
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.