A condo association (or condominium association) is a governing body formed by the owners within a condominium complex. It’s responsible for governing and taking care of both the community and its facilities by
Planning and decisions in the condominium owners’ association The co-owners together form the condominium association, which is responsible for using, managing and maintaining the plot of land and the property. Although the community is not a legal entity, it can sue and prosecute independently, ...
Do you know what a condominium association is and how they work? As a Realtor who has been in the business for the past thirty-eight years, one of the questions I often get from buyers iswhat a condominium association is. What purpose does a condominium association serve? When you begin ...
A condo, short for condominium, is an individually owned residential unit in a building or complex comprised of other residential units. Condo owners share a common space and often pay association fees to maintain the common space, amenities, and other shared resources. What Is the Difference Bet...
What Is a Condominium Association? Condo vs. Apartment: What’s the Difference? 4 Advantages of Buying a Condo 4 Disadvantages of Buying a Condo How to Buy a Condo Ready to Learn the Ins and Outs of the American Housing Market? What Is a Condo?
How is a co-op different from a condo? There are some keydifferences between a co-op and a condominium. Like co-ops, buying a condo means you’re buying into a shared property with other homebuyers. However, with a condo, you’re the owner of the property with a deed of ownership....
What is a condo? A condominium, usually shortened to simply “condo,” is a privately owned, individual residential unit within a community of other units. In general, the owner usually owns the interior of their unit and the structural components of exterior walls. Condo owners jointly own sh...
Condominium fees for new owners not only pertain to monthly amortization. There are some other fees new owners have to shoulder. These are fees and taxes required by the government. One additional fee is the association dues. These are fees you have to pay for the condo buildi...
In most cases, a single-family home is a freestanding house set on its own piece of property. But there's more to it than you might think.
What is a condo? A condo (short for “condominium”) is a privately-owned, individual unit in a multi-unit property. Structurally, it’s similar to an apartment, but the difference is in the ownership. An apartment is arentalunit in a multi-unit property; one landlord owns the building...