Sentences with phrase «in a condominium usually»

Although the layout of an apartment and a condo may only differ slightly, people that live in a condominium usually need to purchase even more renters protection.

Not exact matches

Fees paid (usually) to an Owners Association Fees by the owners of the individual units in a condominium or cooperative which are used to maintain the property and common areas.

Usually this schedule is in reference to a mortgage on a property such as a house, condominium, apartment or trailer.

On top of that, a landlord's liability usually only applies to common areas in a rental development such as a condominium community center.

Construction usually starts only after 80 percent of the units are pre-sold with buyers depositing 10 percent of the condo's cost to reserve a space and then committing to add installments in 10 percent increments as the project meets benchmarks such as groundbreaking and tower - topping, according to Carlos Rosso, president of condominium development for Related Group.

But in condominiums, these areas usually are exclusive - use common areas: That is, they are controlled by the HOA but used by the individual owner.

A purchase of a house or a condominium is usually the biggest investment a person makes in their lifetime.