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Common Interest Development
Common-interest development (CID) is the fastest growing form of housing in the world today. They include condominium, condominiums, community apartments, planned development, planned developments, and stock cooperatives. A CID's ownership benefits are having rights to an undivided interest in common areas and amenities that might prove to be too expensive to be solely owned. For example, an owner would like to have a pool but cannot afford one. When buying a condominium with a pool in a CID of one hundred units, an owner would have use of that pool for basically one-hundredth of the cost due to sharing the cost with the other 99 owners. Timeshare, or vacation ownership, is the same concept. Buying a second home for vacation purposes might not be financially possible; buying a week or two can be when sharing the overall costs with other participants. Within the United States, when a CID is developed, the developer is required to incorporate (in a form) a homeowner association (HO ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Condominiums In San Ramon 1 2016-05-17
A condominium or condo is a type of living space similar to an apartment. Condominium or condo may also refer to: * Condominium (international law), a political territory * Condominium (film), ''Condominium'' (film), a 1980 American TV film **''Condominium'', a novel by John D. MacDonald, on which the film was based * Condo (TV series), ''Condo'' (TV series), a 1983 American sitcom * ''Condominio'' ('Condominium'), a 1991 Italian comedy drama film * ''El Condominio'' ('the Condominium'), a Puerto Rican TV show 2000–2005 See also * {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
