What exactly is a CONDO?

Q …….What exactly is a CONDO?

From Zoocasa ASK the PROS

A….Robert Ede 

A Condominium is a space that has been given a Legal Description and marketable title as part of a condominium corporation.

It’s a method of intensifying the use of a piece of land, controlling the shared maintenance and appearance and allowing people to own a small chunk of the whole, quite independently of anyone else.

A unit is sometimes at grade, sometimes 65 floors in the air, or 5 levels below ground, sometimes it has many levels, sometimes the space is surrounded by conrete or wood or metal or plastic and the newest ones have nothing built on them “Vacant Land” condos.

In addition you can find Leasehold Condos that are units in a structure that is on leased land

Advertisements

One thought on “What exactly is a CONDO?

  1. Pingback: 40+ “nobody ever explained it like that” Answers to Realty Questions (from my Nov 19/13 Post) —a revived tradition #UncleBobExplains | unclebobexplains

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s