There are various types of condominiums in Arlington but, the most common legal arrangements involve individual ownership of each unit, with joint ownership of the communal or common areas by all of the residents in the building.
Condos in Arlington range from studios and one bedroom apartment, to a four-bedroom penthouse apartment. Even condominiums with the same number of bedrooms can have different floor plans and different numbers of bathrooms and half-baths. Here are six benefits of owning a condominium in Arlington.
Condo with nice living roomContinue reading
Many people picture a high-rise building filled with apartments when they think of a condominium. But, not all condos are high-rises. In fact, not all condos are buildings, much less hi-rises! For example, a bare land condo is a condominium in which the owner owns land only.
Even horses are getting into the act! Some stables have gone condo. In a stable condo, the owner purchases a single stall for his horse in a stable, but shares the stable and grounds with other horses and owners. At a marina, it is possible to condo a single slip from a dock. In both cases, the owners pay a fee to the association for maintenance, but in both cases, the owner is solely responsible for his interest in the condo.
A more common type of condominium is the garden-style condo. Garden-style condos are one to five floors of condominiums and usually don't have an elevator. From the exterior, townhouse condos look exactly like regular condominiums.
It is even possible to have a single family residence titled as a condo. This can happen in a vacation community where the association maintains the exterior and grounds of the house, while the owners have possession of the interior of the house.
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A condominium is real estate with certain specific properties. Although there are various types of condominiums, the most common legal arrangements involve individual ownership of each unit, with joint ownership of the communal or common areas by all of the residents in the building. Condominium developments can be commercial or residential.
In the case of residential property, a condo can be composed of one or more a high-rise buildings, garden-style buildings, townhouses and---in special causes--even consist of individual houses. While some condominiums are located in large multi-unit buildings, others may be detached form each other and be located in a gated or planned community. Some condominiums may be located in resort or vacation destinations.
Most usually, a condominium is a housing unit or apartment in a multi-unit building in which each unit is individually owned, with common areas and the property in general jointly owned by the residents and the owners of the building, or all of the residents together. So the structures that make up a condominium complex are divided into living units, which are each owned by individuals. Jointly, these unit owners all have an interest in the rights and duties of the common areas, such as the parking lot, lobby, roof, etc.
Their are many different types of condos available, and in a variety of different sizes. Types of condos can range from studios, to one-bedroom apartments, to townhouse condos, and sometimes you may be able to find three or four bedroom condos available as well. Different condominiums, as stated before come in different sizes, and with different floor plans of course. Some may have two bedrooms and two baths, while others will have three bedrooms and one and a half baths, and so on. It all depends on the specific condiminium your looking at.
