What Is a Condominium? A condo is an individual unit within a larger residential complex comprised of similar units. Ownership of a condo usually includes a nonexclusive interest in certain "community property" controlled by the condominium management. ...
A condo is a housing unit that's part of a larger condominium complex. The complex could be a multistory building with apartment-style dwellings or a sprawling development with detached units. One key distinction between condos and single-family homes is that ...
What Is a Condo? A condominium (or condo) is a privately owned individual residential unit situated within a community of other housing units—like a high-rise residential building, condo complex, or neighborhood of townhomes or townhouses. A person often owns a condo in joint sovereignty with...
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 establishing rules, standards and optimal maintenance practices. Essentially, the associati...
Short for condominium, a condo is a type of home that has common areas that are shared among a community of owners. These shared amenities might include tennis courts, a laundry room, or a pool, as well as more basic things like the roof over the building and the landscaping surr...
1. A condominium association is a governing body that manages and maintains a condominium complex’s building, common areas, and facilities. 2. They are typically run by a board of directors or an elected group of homeowners. 3. The association enforces rules and regulations to maintain the ...
What to do when Airbnb moves into your condominium complex?Rodrigue Escayola
Condo loans are mortgages that help buyers purchase a condominium, regardless of whether you’ll use it as a primary residence, vacation home or investment property. While the mortgage process for a condo is like the process associated with getting most mortgages, condo loans may have different ...
You’ve probably heard people throw the term “condo” around, but what is a condo, exactly? We break down all the nuances for you.
A condominium is collectively run by the unit owners. These unit owners are all members of the condominium corporation. They manage the property, finances, records, reserve fund study agreements and other related matters. The Board of directors or officials are elected by each members to ...