How much is a condominium unit?

Answer The cost depends on the location, size, facilities, type, age, market, etc.

Top Q&A For: How much is a condominium unit

A condominium a sinking fund to accumulate 250000 in 3 years The fund earns 9 interest pa compounded monthly If there are 200 units in the condominium how much each owner unit will payeach month?

Each unit owner will be required to pay $26.69 monthly for 3 years or 36 payments.. That amount of money will accumulate to $213,802 in those t3 years at a 9% compounded rate, or $36,198 in accumul... Read More »

What is the difference between a condominium unit and a condominium phase?

A condominium unit is a single unit in a condominium project, whether residential or commercial. A condominium phase is a development period, during which a developer builds, finishes and/or sells... Read More »

Is the land under the condo unit owned by the unit buyer or the condominium corporation?

Read your governing documents to determine what is owned by individual owners and what is owned by the association.

Is the roof over a single unit in a multiple unit condominium considered common property?

Read your governing documents to determine the line that separates what you own as a unit owner -- individually -- and what you own in common with all other owners. This may include limited common ... Read More »