|
All agents are NOT alike! Find out why Lynne Knapp is a top NUMBER1EXPERT Real Estate Agent. Call: (954) 712-9370
|

Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
|

3 Lawyers & an Accountant "Inspite of having to deal with 3 lawyers & an accountant who got crankier and more difficult as the lawyers strutted & nit picked, Lynne" cont... Francine P. Collins Read Quote > View All Quotes >
|
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
|
|
 |
18 Years in Real Estate - I've done the following and more?  | | Placed My Daughter's family in an Arvida Development in Weston | | | Found a Townhome for (Mortgage Broker/Realtor) my best friend's daughter and two children | | | Just finished the 4th Property deal for this family in the Weston Hills Country Club | | | London family primarily email buying Luxury New Construction in Palm Beach Gardens | | | Both sides of deal with Attorney wanting a Rehab property on deep water | | | Electrical Contractor switches to a lakefront property | | | Hands on finding perfect home for Nail Salon Operator | | | 95% email deals for several Venezuelan families investing here | | | 3 Attorneys & 1 Judge, Toughest deal ever, Both side of deal, Out of town seller in Trust/Court with a local Attorney, Buyer was an Attorney using an Attorney | | | Ice Cream Shoppe, both sides of this sweet and cool deal | | | 500,000+, L'Hermitage Condominium, Interior Decorator, Site Unseen | | | Both sides of deal, Bank Buy Down and Abatement of City Liens | | | 3 deals for this family, each home more expensive as business expanded | | | Sunrise Key 1,000,000+ only wanted Colonial on Deep Water Intracoastal Access | | | Luxury Rental in the Las Olas Isles, second deal for this professional woman | | | Listed New Construction Development, 90 Mediterranean homes | | | Located a Restaurant for a Restaurateur | | | Transaction made in heaven, sold a Church to a Church | | | Coordinated many Relocation client properties & services, Domestic and International |

 |
Titles >Holding Title to A Condo
With condominiums becoming increasingly popular among today's homebuyers, it is a good time to clarify the terms of ownership that seem to confuse many people. Condo-type residences most commonly fall into two categories - condominiums and townhouses.
A condominium is usually a multi-story structure. Each owner-resident has a deed of ownership for his own unit and owns the space within the unit, but not the land under the structure. Therefore, condo units can be stacked vertically. Condo owners share title to the common areas of the development, including land, exterior of buildings, hallways, roofs and swimming pools -- all areas used by all occupants. Each owner pays property taxes on their unit. Also, a monthly fee is paid to the homeowners' association that is used for managing and maintaining all common areas.
A townhouse, or town home community is usually a series of single- or two-story housing units, each linked to each other horizontally by common walls. Each owner hold title to their unit and the land beneath it, thus these units cannot be stacked vertically. Typically, a townhouse unit will be a two-story residence, with the living area downstairs and bedrooms upstairs. Common areas belonging to the townhouse development are owned jointly. Each townhouse owner pays property taxes and association fees.
|
 |
| Q |
What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?
|
| A |
Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York. |
See More Real Estate Trivia > |
|
|
|
|