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Any time you reside in a condo, you personal the property within the partitions in. The assets the condo sits on is owned from the HOA, which oversees landscaping and upkeep of shared features.A simple condo definition, In keeping with Michael Martirena, luxurious real estate advisor at Compass in Miami, is as follows: somebody device within just a

These are traded and mortgaged on exactly the same marketplaces as freestanding homes, and are dealt with legally very like other forms of housing. Each individual operator-tenant instantly owns their own personal apartment; the rest of the setting up and the bottom on which it stands is owned jointly through the apartment proprietors, who execute