Seller agrees to sell and the buyer agrees to buy a condominium unit under the terms and conditions of the contract. Other provisions of the agreement include: closing costs, deposits, insurance and proration.
Define Condominium In Real Estate In Middlesex
Category:
State:
Multi-State
County:
Middlesex
Control #:
US-00455
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
A inium is type of living residence within a multi-unit complex where each unit is individually owned. iniums are commonly called condos, for short. The origin of the term 'inium' comes from Latin meaning "joint rule."
Generally, a inium is a private residence that is rented out to tenants, it can be a flat/apartment or an independent house. But in modern use 'condo' is referred to apartments and flats only. Plus, iniums are owned and rented by individuals so renting a condo is more of a personal, one-on-one process.
A inium, or condo, is an individually owned unit in a complex or building of units. A condo owner owns the space inside their condo and shares ownership interest in the community property, such as the floor, stairwells, and exterior areas.
In England and Wales, one of the equivalent legal structures of a inium is commonhold, a form of ownership introduced in September 2004. As of 3 June 2009, there were 12 commonhold residential developments comprising 97 units in England and one commonhold residential development, comprising 30 units, in Wales.
Synonyms: condo. abode, domicile, dwelling, dwelling house, habitation, home. housing that someone is living in.
A inium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners.
An apartment building in which each apartment is owned separately by the people living in it, but also containing shared areas.
Flat and condo are the same thing – a set of rooms that is on one floor. In USA, a flat is usually rented, while a condo is owned.
More info
This form is to be used when submitting a proposed plan of subdivision or plan of condominium to the. County of Middlesex as the Approval Authority.Condominiums are housing units in a large property complex that are sold to buyers. While apartments are generally rented, condos are owned. Condos are homes in a housing development with individual units, each with a separate owner. A condominium is type of living residence within a multi-unit complex where each unit is individually owned. A condominium or condo is a designation given to homes that are attached to one another in one or more ways. Whether you're searching for a historic home with character or a modern condo with all the amenities, Middlesex County has a housing option to suit your needs. A condominium, or condo for short, is a large property complex with individual units that are owned and can be rented out privately. The master deed is the document that legally creates the condominium and establishes the physical boundaries of each unit and the common area.