Article: Defining Condos
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Defining Condos
Condominium?s may be a confusing concept to some people. Condo?s represent a housing option that takes the step between apartment dwelling and home ownership. Condo?s, like apartments or home ownership, come both their good and bad things.
Condominium?s look much like an apartment complex. There are multiple units and they can be either townhouses or one floor. The difference between apartments and condo?s is that a condo is owned. The owner gets a title to the unit. The difference between condo?s and home ownership is that with condo ownership the owner only owns the actual condo, not the land. The whole group of condominium owners in a complex owner partial title in the common areas, like hallways, swimming pools and roofs.
Condo?s are managed by a property ...
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