Question

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

Answer 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 »
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Top Q&A For: What is the difference between a condominium un...

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 »
http://wiki.answers.com/Q/A_condominium_a_sinking_fund_to_accumulate_250000_in_3_years_...

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 »
http://wiki.answers.com/Q/Is_the_roof_over_a_single_unit_in_a_multiple_unit_condominium...

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.
http://wiki.answers.com/Q/Is_the_land_under_the_condo_unit_owned_by_the_unit_buyer_or_t...

Would adding a clothes washer to a second floor condominium unit impact the plumbing of the condo unit directly beneath the second floor unit?

Answer it depends on how your lines run. usually it woulden't effect anything but if your sewer line is to close to some of the fixtures in the upper floor the suds from the washer could back up in... Read More »
http://wiki.answers.com/Q/Would_adding_a_clothes_washer_to_a_second_floor_condominium_u...


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