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A condominium, or condo, is the 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 while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights associated with the individual ownership and controlled by the association of owners that jointly represent ownership of the whole piece.
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condominium and condo
The term condominium or condo is rarely used in Australia despite attempts by developers to market it.
His condominium on the show was styled to be just like his real-life condo, down to the room layout and the furnishings.
Under condominium ownership only the separate condo owners provide financing.
99 % of condominium buyers were from the U. S. and many condo owners were trying to resell.
The headquarters of the BIS, fronting on Queen's Road, backing on Military Road opposite of the Basilicia, with its side on Garrison Hill, was converted into a condominium residence in the late 1990s / early 2000s ; the price of a single condo unit can reach over 1 million Canadian dollars.
However, due to the unexpected fast appreciation of the site, the project for the Península Barra ( former name ) change from being a neighborhood to a private condominium, making the Península ( which has the same size of Leblon's neighborhood ) the newest and first eco-friendly condo in Rio de Janeiro.
condominium and is
As of August 2008, an 18-story condominium high-rise called Capitol Club Tower is in the design phase with the adjacent parking structure already having been approved by city council and purchased by the developer.
Similar to a condominium, the houses can be bought and sold but the land under the houses is rented on a 99-year lease.
There is also a cooperative ( Rivercross ) and a condominium building ( Riverwalk ).
The stores that once occupied the street have recently moved to new locations to make way for a condominium and office complex, although the developers have stated that they wish to maintain the character of the area, and retail shops will be allowed at street-level once the complex is completed.
( In Yangon parlance, a building with no elevators ( lifts ) is called an apartment building and one with elevators is called a condominium.
While it is considered by most as the gay area of San Diego with its gay bars and dance clubs, the overall population of the area has only gotten more and more diverse with the rise in condominium projects.
While Switzerland holds the view that the border runs through the middle of the lake, Austria is of the opinion that the lake stands in condominium of all the states on its banks.
The area commonly known as Palm Aire is actually a considerable portion of southwest Pompano Beach, comprising numerous condominium developments, golf courses, rental units and valuable homes.
East of SR A1A, there is a beach front condominium complex.
Much of the land area of Longboat Key is occupied by either single family homes or condominium apartments.
The emphasis of most of the redevelopment is on residential condominium construction.
The entire ocean-facing side of West Ocean Drive is lined by various condominium complexes, while the side facing Marathon houses the Key Colony Inn and a small par-3 golf course.
Nathaniel Page School was similarly deactivated in about 1982 and today is a condominium community.
A local developer ( Jade Pig ) has completed a new retail center as part of their $ 50 million project, which also is to include offices and multi-floor condominium buildings spread over a tract.
* Point Pleasant is mentioned in The Sopranos episode " Employee of the Month ", as the city in which Johnny Sack and his wife own a condominium.
A new 55-and-older condominium development is also being built along Elizabeth Street in the central part of town but is currently a defunct project as the builder has gone bankrupt.
It is no longer owned by Reader's Digest, and a local contractor has plans to construct a condominium community on site.
It is now a condominium complex sitting on a bluff that looks over Trade Street.
Bratenahl is home to a once controversial luxury high-rise condominium complex.
The northeastern end of the Isle of Palms, which is home to the private community of Wild Dunes, endured a severe erosion crisis as a shoal attached to that section of the island and caused sand to be washed away from around the foundation of a large condominium.
Most of Spring Lake Heights is residential, with a large condominium complex surrounding the southbound direction on Route 71.
For example: a numbered company is incorporated to construct a condominium in Vancouver.
Despite their small size, these dogs are not recommended for the condominium or apartment dweller unless the owner is ready to take on the daunting task of providing the dog with the necessary amount of exercise and stimulation.
condominium and form
Common in for instance New York City, Hamburg and Berlin in Germany is a form of real estate ownership known as a cooperative ( also co-operative or co-op, in German Wohnungsgenossenschaft-apartment co-operative ) which relies heavily on internal rules of operation instead of the legal framework governing condominium associations.
* Timeshare – A modified form of cooperative, condominium, or leased house or apartment, with short-term residency right agreements tailored for vacations.
What defines a condominium is the form of ownership.
In England and Wales, the equivalent of condominium is commonhold, a form of ownership introduced in September 2004.
Apartment buildings and multiple-family housing simply make up a more significant share of the housing stock in the New York City area than in most other US cities, and the cooperative form of ownership has dominated over the condominium form.
# Inspired by Abraham Kazan, cooperatives appeared at least as far back as the 1920s while a legal basis for condominium form of ownership was not available in New York State until 1964.
: The form for condominium owners.
In the 1990s-2000s, the neighborhood underwent another wave of urban renewal and gentrification in the form of a new " Jazz District " along Fillmore Street with mostly upscale Jazz-themed restaurants, and proposed condominium construction.
condominium and housing
Real property may be owned jointly with several tenants, through devices such as the condominium, housing cooperative, and building cooperative.
More recently, development has focused on medium-density housing, such as condominium complexes, on the north side of downtown.
In 1976 however, the larger one also became a condominium, and the ultimate success of these two condominium associations heralded a diversification of housing types in Bratenahl Village since that time.
The construction of the Capital Beltway in the 1960s, and I-66 and the Orange Line of the Washington Metrorail system in the 1980s, as well as the concurrent development of nearby Tysons Corner into Washington's leading suburban business district, led to the development of several apartment, townhouse, and small-lot single-family housing complexes, as well as the high-rise Idylwood Towers condominium, in the portion of Idylwood lying to the north of I-66.
Currently Lake Ridge comprises about 7700 housing units spread out over 70 + subdivisions and 9 condominium complexes.
The district is located along a section of Main Street ( Vermont Route 103 ) and Depot Street and includes the former Ludlow Woolen Mills ( now housing a condominium and several retail businesses ), post office, meeting hall, Black River Academy, fire house, and several churches, businesses, and residences.
The home of the owner-occupier may be, for example, a house, apartment, condominium, or a housing cooperative.
Outside of Toronto, the most common forms of condominium have been townhomes rather than highrises, although that trend may be altered as limitations are placed on " Greenfields " ( see Greenfield land ) developments in those areas ( in turn, forcing developers to expand upward rather than outward and to consider more condominium conversions instead of new housing ).
Initially designed as a housing cooperative ( Co-op ), the Utah Condominium Act of 1960 made it possible for " Graystone Manor " ( 2730 S 1200 East ) to be built as a condominium.
With the exception of the years 1991 – 1994, when her party was in opposition, she continued to hold that office until she resigned in 2000 over a controversy in which she was criticised, as a private individual, for trying to convert her tenancy into a condominium, circumventing a controversial housing tenure law that she was responsible for introducing and advocating in her public role as Minister of Justice.
The Sheppard line has spurred over $ 1 billion of construction of new housing, including several high-rise condominium towers, along its route as transit-oriented developments.
The Freedom Ship project envisioned a 1, 317m ( 0. 818 miles )- long integrated city with condominium housing for 50, 000 people, an airstrip to accommodate turboprop aircraft, duty-free shopping and other facilities, large enough to require rapid transit.
Meanwhile, gentrification also came to the district with new condominium housing projects and new storefronts replacing old woodframe stores.
As such, the condominium is the most luxurious housing for " normal " people.
Like most Philadelphia neighborhoods, the housing stock is primarily made up of rowhouses, although new development in recent times has brought apartment and condominium complexes.
The apartments were meant to attract a suburban set, rather like condominium housing.
Over the years, the group diversified in financial services ( banking, investment, securities, insurance, asset management and mutual fund ), property ( satellite cities, housing, condominium, shopping malls, office buildings, and industrial sites ), and infrastructure ( power plants, gas production, roads, sanitation, and communication ), which is largely handled by Lippo Group Hong Kong office, controlled by his son Stephen Riady.
By October, the Avalon Apartment building has been completed and rented out, bus-only lanes in front of the station are complete, the station now has a beautiful tree-lined main promenade and many condominium housing units have been completed on the east side of the BART tracks and sold.
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