The apartment or condominium is a type of ownership of a property. While you buy a condo you’re the sole owner of that exact particular person unit. You even have a shared possession interest within the frequent and limited parts of the property. All homeowners share the common components such because the lobbies, stairways, hallways, social gathering, laundry, boiler and trash rooms, the roof and recreational services. Balconies, parking tons and storage units are restricted frequent elements and are completely for use by some owners solely. Dwelling in condos is just like dwelling in communities and there are several benefits to it.
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