A condominium, or condo, is the form of housing tenure Housing tenure refers to the financial arrangements under which someone has the right to live in a house or apartment. The most frequent forms are tenancy, in which rent is paid to a landlord, and owner occupancy. Mixed forms of tenure are also possible and other real property Real property and personal property are the main classifications of property in the common law. Real property refers to land and the improvements made by human efforts—buildings, machinery, the acquisition of various property rights, and the like. Real property is also termed realty, real estate, and immovable 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. Colloquially, the term is often used to refer to the unit itself in place of the word "apartment". A condominium may be simply defined as an "apartment" that the resident "owns" as opposed to rents.
Condominium is the legal Law is a system of rules, usually enforced through a set of institutions. It shapes politics, economics and society in numerous ways and serves as a primary social mediator of relations between people. Contract law regulates everything from buying a bus ticket to trading on derivatives markets. Property law defines rights and obligations related term used in the United States ^ b. English is the de facto language of American government and the sole language spoken at home by 80% of Americans age five and older. Spanish is the second most commonly spoken language and in most provinces of Canada The land occupied by Canada was inhabited for millennia by various groups of Aboriginal people. Beginning in the late 15th century, British and French expeditions explored, and later settled along, the Atlantic coast. France ceded nearly all of its colonies in North America in 1763 after the Seven Years' War. In 1867, with the union of three. In Australia Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent (the world's smallest), the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans.N4 Neighbouring countries include Indonesia, East Timor, and Papua New Guinea to the north, and the Canadian province of British Columbia The capital of British Columbia is Victoria, the 15th largest metropolitan region in Canada. The largest city is Vancouver, the third-largest metropolitan area in Canada and the second-largest in the Pacific Northwest. In 2009, British Columbia had an estimated population of 4,419,974 it is referred to as strata title Strata title is a form of ownership devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The 'strata' part of the term refers to apartments being on different levels, or "strata". In Quebec Quebec is the second most populous province, after Ontario. Most inhabitants live in urban areas near the Saint Lawrence River between Montreal and Quebec City, the capital. English-speaking communities and English-language institutions are concentrated in the west of the island of Montreal but are also significantly present in the Outaouais, the the term "divided co-property" (French French is a Romance language globally spoken by about 110 million people who speak French (native and first language speakers combined). Around 190 million people speak French as a second language, and an additional 200 million speak it as as an acquired foreign language.[citation needed] French speaking communities are present in 57 countries and: co-propriété divisée) is used, although the colloquial name remains 'condominium'. In England England ( /ˈɪŋɡlənd/ ) is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west and the North Sea to the east, with the English Channel to the south separating it from continental Europe. Most of England and Wales Wales /ˈweɪlz/ (Welsh: Cymru; pronounced /ˈkəmrɨ/ (help·info)) is a country that is part of the United Kingdom, bordered by England to its east, and the Atlantic Ocean and Irish Sea to its west. Wales has a population estimated at three million and is officially bilingual; both Welsh and English have equal status and bilingual signs are the the equivalent is commonhold Commonhold is a system of property ownership in England and Wales. It was introduced in 2004 by the Commonhold and Leasehold Reform Act 2002 as an alternative to leasehold, and is the first new type of legal estate to be introduced in English law since 1925, a form of ownership introduced in 2004 and still uncommon in most places. In France France (pronounced /ˈfræns/ franss or /ˈfrɑːns/ frahns; French pronunciation (help·info): [fʁɑ̃s]), officially the French Republic (French: République française, pronounced: [ʁepyblik fʁɑ̃sɛz]), is a member state of the European Union located in its western region, with several overseas territories and islands located on other the equivalent is called Copropriété (co-ownership), usually managed by the Syndic.
Contents |
Wall Street Journal (blog)
Prices are coming down again at the mammoth Icon Brickell condominium project in Miami, one of the city's biggest and glitziest ...
