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  • BUT: A condo is owned by an individual owner. Nevertheless, it is still an apartment in a building. A condo owner. - Source: Internet
  • Nationwide, as of February 2018, Bangkok represented 58% of Thailand’s new construction condominium market while the other provinces accounted for the remaining 42%.[25] The unit type has seen steady growth in the Thai market over the previous decades, in contrast to the declining percentage in the traditional detached house.[26] The condo development trend continues nationwide as dozens of projects are in progress in Bangkok,[27] several others are underway in the Eastern Economic Corridor provinces of Chon Buri and Rayong, and to the west in Phetchaburi and Prachuap Khiri Khan. - Source: Internet
  • Owning the air space of a unit in a multi-unit development is one description of a condo. As this description indicates, the condo owner’s title to the property does not include the four walls that divide their unit from other units or common areas in the property. The floor, ceiling, sidewalks, stairwells, and exterior areas are all part of the common ownership of the condo. - Source: Internet
  • Are Condos Cheaper Than Houses? With all things equal, condos are generally less expensive than houses. Condo owners pay an association fee that covers maintenance costs, amenities, and other resources. These fees are generally less than the costs to maintain a house. However, some condos, especially luxury condos in affluent areas, can command much more than the average house. - Source: Internet
  • One common type of condominium is a residential high-rise that provides housing for several different families. However, the concept is not limited to high-rise buildings, nor is the concept limited to residential properties. Residential townhouses are sometimes developed as condominiums, and the concept is also applied to commercial properties, such as office condominiums. - Source: Internet
  • Some condominium complexes consist of single-family dwellings. There are also “detached condominiums” where homeowners do not maintain the exteriors of the dwellings, yards, etc., and “site condominiums” where the owner has more control and possibly ownership (as in a “whole lot” or “lot line” condominium) over the exterior appearance. These structures are preferred by some planned neighborhoods and gated communities. - Source: Internet
  • Condo owners are required to pay condo association fees to maintain the integrity of the community. Mostly, the condo fees provide for the maintenance of the property, including common areas, exterior structures, and some interior structures and appliances. Fees can vary according to what the fees support, and some can be expensive. For major repairs, condo owners may be assessed a special fee to cover the costs. - Source: Internet
  • Judgment. This word is frequently misspelled as judgement with an extra “e” in the middle of the word. That is a spelling used by the British but not in American English. The proper spelling is judgment. - Source: Internet
  • In Greece condominiums became very popular in the 1960s. It’s a building one sees everywhere in Greece, since most of its population lives in big cities.[13] They are known as “πολυκατοικίες” (polykatoikíes, pronounced “poh-lee-kah-tee-kee-es”), literally “multi-residences”. - Source: Internet
  • In India, condominiums are known as “Apartments” or “Apartment Buildings/Complexes” or “Societies” or “Flats”. Each building consists of multiple floors and flats/living units with different configurations. The most common configurations are “1-BHK”, “2-BHK” and “3-BHK” (BHK stands for bedroom-hall-kitchen). - Source: Internet
  • In England and Wales, the equivalent of a condominium is commonhold, a form of ownership introduced in September 2004. As of 3 June 2009, there were 12 commonhold residential developments comprising 97 units in England and one commonhold residential development, comprising 30 units, in Wales.[11] “Condominium” is not a term that is widely used in England and Wales, as commonhold is a creature of statute and comparatively rare, and condominiums are more likely to be found in the form of leaseholds. - Source: Internet
  • 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. Owning apartments for rent is a common form of saving and private investment in Finland. - Source: Internet
  • Condo living affords its owners several benefits, such as access to amenities that are ordinarily only accessible at a cost. Owners can enjoy the exclusive use of swimming pools, tennis courts, and fitness facilities at no extra cost. Some high-end condos even provide access to spas, rooftop entertainment spaces, and gardens. - Source: Internet
  • A condominium, or condo, is an individually owned residential unit in a complex or building of like units. Condo owners own their units but share common spaces, amenities, and other resources. They pay condo fees, which cover maintenance costs, amenities, and the upkeep of common spaces. If major repairs are needed and condo association fees are insufficient to cover those costs, condo owners will be charged a special assessment. - Source: Internet
  • Unlike apartments which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as corridors/hallways, walkways, laundry rooms, etc., as well as common utilities and amenities, such as the HVAC system, elevators, and so on. Many shopping malls are industrial condominiums in which the individual retail and office spaces are owned by the businesses that occupy them, while the common areas of the mall are collectively owned by all the business entities that own the individual spaces. - Source: Internet
  • Current public policy favors condominiums over housing cooperatives, and recent legislation has aimed at making the latter more condominium-like. For example, since 2005, cooperative shares may be used to secure bank loans. (However, Danish mortgage banks still may not mortgage individual housing cooperative apartments). - Source: Internet
  • Unit owners also pay condominium fees to the condominium association. These fees generally include the cost of insuring the building, shared utilities, and a reserve of funds for future maintenance of the building. The fees may also include the fees the association pays to a management company for the daily operation of the development. Condo fees are subject to increase, and if the building requires major maintenance, any costs that are not available in the reserve funds can be billed to the unit owners. - Source: Internet
  • The big difference between a condo and an apartment is that you generally own a condo, while you rent an apartment. Apartment buildings are usually owned by a single owner (such as a property management company) and the buildings are used solely for rental purposes. However, condos that are rented out to tenants are sometimes referred to as apartments. - Source: Internet
  • I live in a flat and am the unit-holder. [BrE] I live in a condo and am the condo owner. [NA English] - Source: Internet
  • Over the past several decades, the residential condominium industry has been booming in some metropolitan areas, such as Miami, San Francisco, Seattle, Boston, Chicago, Austin, Los Angeles, and New York City. However, in recent years, supply within the condo industry has caught up with demand, and sales have slowed.[34] It is now in a slowdown phase.[35] - Source: Internet
  • New York’s Condominium Act was passed in 1964. The first condominium building was the St. Tropez Condominium in Manhattan built in 1965.[41] - Source: Internet
  • Shareholder. Referring to a homeowner in a condominium or planned development as a shareholder is improper. In all four forms of common interest developments (condominiums, planned developments, stock cooperatives and community apartments), owners are members of the association that manages the development. Only in stock cooperatives, can an owner be properly referred to as a shareholder. Civil Code § 4190 uses the word shareholder and speaks of the owner having a share in a stock cooperative. - Source: Internet
  • In South Africa, condominiums are known as “Sectional Title” properties and are governed by the Sectional Titles Act No. 95 of 1986.[18] Town-house complexes and many apartment blocks typically have this form of title.[citation needed] The owners of the complex constitute the Body Corporate, and the Body Corporate elects a group of Trustees to manage the day-to-day management of the complex, who often hire a company specialising in complex management, known as a Managing Agent.[citation needed] - Source: Internet
  • On 1 May 2009, condominiums (ägarlägenheter) became available for the first time under Swedish law.[22] Of the 14,447 newly built apartments completed in 2009, only six were condominiums. A majority of production, 7,723 units, were apartments in housing cooperatives (bostadsrättslägenheter), the traditional form of owner-occupied apartment housing.[23] As of late 2014, there were 955 condominiums total throughout all of Sweden.[24] - Source: Internet
  • Condominium ownership is also used, albeit less frequently, for non-residential land uses: offices, hotel rooms, retail shops, private airports, marinas, group housing facilities (retirement homes or dormitories), bare land (in British Columbia) and storage. The legal structure is the same, and many of the benefits are similar; for instance, a nonprofit corporation may face a lower tax liability in an office condominium than in an office rented from a taxable, for-profit company. However, the frequent turnover of commercial land uses in particular can make the inflexibility of condominium arrangements problematic. - Source: Internet
  • In the Philippines, condominiums are classified into three types: low-rise, mid-rise, and high-rise. Condos have a special type of ownership title called a CCT - condominium certificate of title. Condominiums usually have amenities, like swimming pools, owned parking, a clubhouse, and a building for administration.[17] - Source: Internet
  • Much like apartments, condos often share common walls, as well as common spaces. Living in close proximity and sharing walls and spaces limits the amount of privacy one can enjoy. In contrast to single-family detached houses, residents must tolerate neighborly nuisances. - Source: Internet
  • The declaration of covenants, conditions, and restrictions is a legal document that sets forth the regulations for owners of units in a condominium. This document defines the acceptable use of the unit. It describes the owner’s use of limited common areas and general common areas. The declaration includes rules for selecting the board for the homeowners’ association—the board that manages the development. - Source: Internet
  • In Israel, condominiums (known “בתים משותפים”, “shared houses” or “cooperative houses”) are a common form of home ownership. Public housing has historically been organized as subsidized purchases and mortgages in government-constructed condominiums.[15] - Source: Internet
  • Condominia (the Latin plural of condominium) originally referred to territories over which two or more sovereign powers shared joint sovereignty. This technique was frequently used to settle border disputes when multiple claimants could not agree on how to partition the disputed territory. For example, from 1818 to 1846, Oregon Country was a condominium over which both the United States and Great Britain shared joint sovereignty until the Oregon Treaty resolved the issue by splitting the territory along the 49th parallel and each country gaining sole sovereignty of one side.[3] - Source: Internet
  • What Is a Condo Assessment? An assessment is a fee billed to condo owners for major repairs or enhancements not covered by the regular condo fees. The assessment fee is generally based on the size of the unit. If all units are the same size, each owner will pay an equal assessment amount. - Source: Internet
  • Definitions of Condo n. one of the units in a condominium. Form Noun, Plural Condos. Informal. How To Spell Condo [kon-doh] - Source: Internet
  • The difference between a complex of residences, such as an apartment building, and a condominium is purely legal. There is no way to differentiate a condominium from any other residential building simply by looking at it or visiting it. What defines a condominium is the form of ownership. A building developed as a condominium (and sold in individual units to different owners) could actually be built at another location as (for example) an apartment building (the developers would retain ownership and rent individual units to different tenants). - Source: Internet
  • Condominiums (Norwegian Eierseksjon) was formally introduced in 1983. Approximately 19% of Norwegian homes are condominiums, as approximately 50% of the owner-occupied flats and duplexes, approximately 30% of the rowhouses, and 2.5% of the detached houses are organized as condominiums. - Source: Internet
  • Considering the added fees, owning a condo is generally less expensive than owning a house. There are advantages and disadvantages to owning a condo. Therefore, it is important to understand the implications before committing to purchase one. - Source: Internet
  • In Italy, the condominium (“Condominio”) is governed by law, last reformed in 2012. Co-ownership of the common parts of the buildings (such as the stairs, main walls, facades, roof, and courtyards) is mandatory: a landlord can not give up the right on common parts for not paying the costs. Each owner’s quota in the condominium is expressed in thousandths (“millesimi”) of the whole; these are used to determine majorities in owners’ assemblies (“assemblee condominiali”).[16] - Source: Internet
How Do You Spell Condo Plural - Urdu Word Konda Meaning in English

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