Fri, 4 April 2008
April 4, 2008
Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC
On Fridays, Condo CanDo Answers Questions on Condos...
Condominium:Architecture or legal description?
Condominium" is a legal form of ownership. Many styles of residences (or even business properties) can be condominiums.
Condominiums and Co-operatives? Are they alike or different?
Condos and Co-ops?Condos and co-ops are different forms of ownership. Condo units are owned individually. Co-ops are owned collectively.
Can a Flat be a garden?A garden unit can sometimes be a flat, on one floor, but it always has no one above or below, and is like a little attached house.
What's a villa? Another name for condo. Generally speaking.
What does U/F mean?
"U/F" in the legal description means Unit File.
A definite town home clue is: two stories or a survey?
Condos can be two or three stories, a house, a garden, an office...a townhome requires a survey.
There are many nuances in attached housing including that name "Attached Housing".
Condos do not necessarily have to be attached. Townhomes do not necessarily have to be attached. Does it makes a difference? Yes. Perhaps in financing, definitely in insurance, perhaps in maintenance, for sure in maintenance and most assuredly in Home Owner's Dues.
If you have a question or a condo subject you would like to know more about, please check-in at CondoCanDo.com...I am listening.
Lynnsy Logue The Real Estate Lady and Condo CanDo Charlotte, NC