condominium
form of real estate ownership in which individual residents hold a deed and title to their houses or apartments and pay a maintenance fee to a management company for the upkeep of common property such as grounds, lobbies, ...
CONDOMINIUM ASSOCIATION - An association of unit owners in a condominium building. The association elec...
CONDOMINIUM CONVERSION - The process of converting rental apartments, which are leased by the occupants...
Office condominiums work much like their private housing counterparts. Instead of renting a suite of offices, some companies purchase an individual unit in an office condominium complex.
Condominiums and Planned Developments
As cities continue to grow and prime land becomes scare for development, builders are maximizing land use by offering home buyers common interest developments such as condominiums and planned developments.
Condominium - a system of ownership of individual units in a multi-unit structure, combine with joint ownership of commonly used property such as sidewalks, hallways and stairs.
Condominium:
A form of ownership in which the owner has title to a housing unit and also owns a share in the common elements (such as elevators, hallways, and perhaps the land).
Conventional mortgage: ...
Condominium - a form of ownership in which individuals purchase and own a unit of housing in a multi-unit complex; the owner also shares financial responsibility for common areas.
CONDOMINIUM PROPERTY REGIME (CPR)
The name given to the laws pertaining to condominiums in the State of Hawaii and designated the "Condominium Property Act", ...
Condominium (Condo)
A real estate project in which each unit owner has title to a unit in a building, an undivided interest in the common areas of the project, and sometimes the exclusive use of certain limited common areas.
Office Condominium
The units are used as commercial offices.
On-Site Improvements
Directly enhancing the physical nature of the property such as renovating a building, installing a new driveway and parking lot and gardening.
Condominium (business term)
Unbundling (in banking)
Homeowner's Equity Account (finance term) ...
Condominium - Refers to a form of real estate ownership. Here, the owner holds title to a specific unit or dwelling while also holding an interest the property's common areas.
A condominium that does not meet meet lender requirements, see Warrantable condos.
No-Surprise adjustable rate mortgage
An ARM with a preset graduated payment combined with variable term. See The No-Surprise Adjustable Rate Mortgage.
Elements of condominium living units that are assigned to specific tenants but are still considered to be property of the condominium. Limited common elements can include front doors, balconies or windows.
Condominium
Mobile Home
Boat
House Trailer
If your house is your second home, you must reside in it for atleast 14 days a year in order to make its mortgage interest tax deductible and you can only have 1 second home.
Tokyo Condominium Sales - Japan The annualized change in the value of condominiums sold each month within the... tombstone This term refers to an advertisement that an investment bank places in a business...
CONDOMINIUM A form of ownership of real property. The purchaser receives title to a particular unit and a proportional interest in certain common areas.
If the home is a condominium, you can deduct interest paid on a mortgage you take out to purchase your individual unit.
[ITDS] air lot A legal description for a condominium unit, containing both horizontal and vertical dimensions. The air lot generally extends to the inner faces of the walls, floors and ceiling of the condominium unit.
Additionally, the proposed regulations expanded the home construction definition to condominium developments that contain more than 4 dwelling units in a building.
If you plan on buying a condominium or an apartment, you'll want to know what the monthly fees are.
What kind of structure should sit on the corner lot at Fifth and Main: a gas station, a condominium, a florist shop, or a restaurant? The owner can make a defensible decision even if everyone in town has a slightly different preference.
Department of Veterans Affairs (VA) mortgages enable qualifying veterans or their surviving spouses to borrow up to the annual federal limit in order to buy conventional homes, mobile homes, and condominiums with little or no down payment.
The Meyerise, a new 31-storey high rise freehold condominium developed by Hong Leong Holdings Limited, offers unblocked panoramic seaview. The units configuration consists of 2 Bedrooms, 3 Bedrooms, 4 bedrooms, 4+Study and a penthouse.
The term applies to buildings owned by their residents - each resident owns a share in the entire building (as distinct from a condominium, in which people own individual units).
A project that may consist of any combination of one- to four-family homes, condominiums and other styles of residential housing. The individual owner owns the individual unit and often the real estate under it.
Property that consists of homes, apartments, townhouses, and condominiums.
Residual assets
Assets that remain after sufficient assets are dedicated to meet all senior debtholders' claims in full.
Residual claim ...
The definition of primary residence is not limited to a house only. It could also be a manufactured home, an apartment, a boat or condominium. A primary residence would be the place where you stay to live and work for the greatest time.
Residential property
Property that consists of homes, apartments, townhouses, and condominiums.
Residual assets
Assets that remain after sufficient assets are dedicated to meet all senior debtholders' claims in full.
The Federal Housing Administration's (FHA) 203(k) loan is one of the more popular renovation loan programs. This loan is generally used to update or improve a house or condominium needing a minimum of $5,000 in essential repairs such as new wiring, ...
In consumer lending, the ratio of a prospective borrower's total accommodation expenses (mortgage, lease, condominium management fees, real estate taxes etc) divided by gross income before taxes.
H
Hedge Ratio ...
Gross Debt Service Ratio (GDS): The percentage of gross annual income required to cover payments associated with housing (mortgage principal and interest, taxes, secondary financing, space heating, and 50% of condominium fees, if applicable).
A system of individual ownership of stock in a corporation that in turn, owns the structure. Each owner has an exclusive right to use his individual unit and must pay his portion of the debt encumbering the entire building. Related: condominium.
Generally, a borrower's debt-to-income ratio, which includes housing expenses plus long-term debt, cannot exceed 36% of the person's monthly gross income. Housing expenses alone, which include home owner's insurance, taxes, condominium ...
For example, the New York State Additional Real Estate Transfer Tax, also known as the "Mansion Tax", is a luxury tax paid by the buyer on transfer of any 1, to 3 family home or cooperative or condominium apartment priced above $1,000,000.
 See also: Expense, Acquisitions, Mergers, Saving, Banks
  
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