WHAT IS A CONDO?

Find out: - What is a Condo? - What are common condo rules? - What are condo fees? - What is the difference between Condos, Co-ops, HOAs, apartments & townhouses?

What is  a Condo?

A Condominium (condo for short),  is an individually owned unit, where owners own common areas communally.

What is  a Condo?

These common areas can include hallways, lobbies, pools, and gardens. Condos are often high rise, but can also be detached buildings.

Common Condo Rules:

Condo rules often include: 1 - Noise 2 - Waste disposal 3 - Pets 4 - Parking 5 - Maintenance of use of common ares & amenities However, every condo will have its own rules

What are Condo Fees?

Condo fees normally include building and common area maintenance, garbage collection, heat & water. So these dues can be high, but they can include a lot of services.

Condos, co-ops, apartments & townhouses:

Condo: You own your unit and % of the common areas Co-op: You buy part of the property and get a lease to live in a unit Apartment: A rental property owned by a property management company Townhouse: A home attached to the neighboring houses.

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What's the difference between condos & HOAs?

In an HOA, members own the plot of land their house stands on. Common areas are owned by the HOA and are managed by the board of directors, sometimes with the help of a community association manager. But in condos, all the unit owners co-own the common areas.

Learn more  about Condos:

Articles: 1 - Vinteum blog 2 - CAI 3 - YouTube