Daily Court Reporter - News Common condominium questions
Common condominium questions
Some people think a “condo” is a vacation rental property. Others view condos as “super apartments” where the entire property is maintained by someone else. Unfortunately, many people have no clear understanding about what purchasing a condominium really means. The reality is that a condominium is a form of property ownership that has been specifically created by state law and defines ownership, maintenance responsibilities and cost allocations. This article provides an overview of this unique form of real estate ownership.
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Date Published: August 29, 2016