A condominium is a combination of co-ownership and individual ownership. Those who own an apartment or a condominium are co-owners of the land and of the halls, lobby, and other common areas, but each apartment or condominium unit in the building is individually owned. In some States, the owners of the various units in the condominium have equal voice in the management and share an equal part of the expenses. In other States, control and liability for expenses are shared by a unit owner in the same ratio as the value of the unit bears to the value of the entire condominium project. The bigger condominium owners would have more say-so than the smaller condominium owners.
This Agreement to Lease a Condominium Unit is similar to a lease of an apartment.
Condominium In Condo In Franklin
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Franklin
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US-00413BG
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5 Franklin Place, located in the heart of Tribeca, Manhattan, is a modern condominium that exemplifies luxury urban living. Learn all the basics of NYC coop and condo management, with straight talk from heavy hitters in the field of coop or condo apartments.A qualified attorney must review the legal documents for all new condominium projects that are not twounit to fourunit projects. The Project Eligibility Review Service. Search 19 condos for sale in Franklin Township, NJ. Get real time updates. Connect directly with real estate agents. All rights reserved. The Mitchell-Lama program provides affordable rental and cooperative housing to moderate- and middle-income families. Sellers of condominium units often rely on their realtor to make sure the proper disclosures are made in the contract. The Florida Bar and Florida.