There are many types of real estate properties such as single family units, multi-family units, apartments, townhouses, and condominiums.
We already know what a family unit is, whether it is a multi-family unit, what is an apartment, as well as a condo and a city house, but a little about a condo. This article was made to end the curiosity of many people about what the condo is.
Condos are a type of home ownership where homeowners have individual building units such as apartments in tall buildings. People who love city life should choose Upper East Side condominium units because condominium properties are specifically designed to provide multi-family housing in densely populated environments, such as cities.
Owners of condominium units share common areas such as gyms, swimming pools, games rooms, gathering rooms and tennis halls.
These rules talk about the responsibilities of each unit owner and about things that are prohibited in the building such as having a pet or renovating any part of the unit. This regulation is somehow different from other condo buildings.
Speaking of payments, unit owners in condominium property pay contributions usually for a maximum of 4 times a year and contributions are used to fund property maintenance. There are employees to pay for such as maintenance and repair crews hired by homeowners associations, as well as to pay guards, servants, and others responsible for making condominiums stay comfortable.
People like to own a condo unit because they think it is a comfortable place to live in. Most condo properties not only have good interior features but they also have good exterior features.