Can You Own A Condo

How is a Condo Fee Simple? | AppraisersForum.com – Right, but you still do not own the land, you share the land. I am not unaware of the different forms of condo ownership types. I am just saying how is a condo fee simple if you do not own the land. Isn’t that removing one of the "sticks" of the bundle of rights? There is zero land attributed to a condominium.

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Everything You Need to Know About Buying a Condo – SmartAsset.com – Each condo complex will have their own rules and restrictions. You should be well aware of those before you buy a condo and find you can’t live with their rules. What to Know About Buying a Condo. In addition to a condo’s rules, you should also be aware of the condo association’s budget.

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Tax Deductions for Condos & Co-ops | Finance – Zacks – With a condo, you own your apartment unit fee simple, meaning you have exclusive interest in that unit, and you have the right to use common areas.. tax deductions for Condos & Co-ops. By.

SG Young Investment: How much money do you need to own a. – You can still keep your HDB even after buying a condo but Woah for 2nd property u need to pay additional stamp duty of 7% and downpayment of 40% since you still have a outstanding loan. I.

Generally, homeowner members agree to be governed by homeowners associations (HOAs) and bylaws regulating members‘ activities. Failing to adhere to HOA bylaws can lead to issues for members. For example, condo community HOAs may be able to fine members in violation of bylaws and foreclose and then evict members that are delinquent in dues.

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Buying a Condo: What Property Will You Actually Own? | Nolo – If you are trying to figure out what exactly you are buying when you buy a condominium unit, or what you already own, a real estate attorney in your area can help. The attorney can get a copy of the condominium map and the CC&R’s for the condominium project, help you review them, and point out exactly what is included in the unit.

How do I buy a co-op or condo under an LLC? – "Unlike a co-op, a condo can’t say yes or no to your purchase, all they can do is exercise the board’s right of first refusal, which very few buildings do." With a co-op, however, there are more potential problems to head off, and you’ll want to find out about a particular building’s policies before moving forward.