Sentences with phrase «unit fee simple»

The difference between a co-op and a condo is in a co-op, one owns shares in a corporation; in a condo one owns the unit fee simple.

Not exact matches

With the rise of many wealth management service fees being paid separately, consumers often pay a simple household fee based on total Assets Under Management (AUM) for their family unit.

Unit is fee simple and HOA covers all utilities, including electricity.

Unlike land held in fee simple, common elements can not be dealt with independent of units in the condominium.

Attorney St. John points out that since there is no fee simple ownership of the unit, it is sometimes difficult to obtain financing because the security for the loan is the resident's shares in the corporation.

The only things that unit owners actually had contracted to purchase were the fee simple rights to occupy the cubic feet of defined air space, the cheap floor coverings (not the floors themselves) the wall coverings (cheap paint jobs), and not the walls themselves (often including the drywall panels themselves), some kitchen and bathroom cupboards and fixtures, some appliances, some interior doors and door knobs on closet doors etc, but not the windows, not the service wiring, plumbing and heating / cooling duct work etc., etc..