The entire property is legally owned by a non-revenue company by which the tenants own shares; every share carries the best and responsibility to lease an apartment from the cooperative. Shares could be purchased and bought, but often the cooperative’s rules strictly restrict the price for which they might change hand.
Your Hoa’s Rule Is The Law Of The Land In A Apartment
In India, condominiums are generally known as “Apartments” or “Apartment Buildings/Complexes” or “Societies” or “Flats”. Each constructing consists of multiple flooring and flats/living items with different configurations. The most common configurations are “1-BHK”, “2-BHK” and “three-BHK” (BHK stands for bedroom-corridor-kitchen). Another 5% of Danish homes are in housing cooperatives , which occupy a legal place intermediate between condominiums and housing associations.
La Quinta By Wyndham Newport
Each owner-tenant directly owns his own house; the rest of the building and the bottom on which it stands is owned … Read More