Who is the owner of a condominium?

Answer The owner of a condominium is the person or entity listed on the records of the local municipality. This owner owns the interior portion of a property, bounded by the line described in the associa... Read More »

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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 a resident owner of a condominium?

A resident owner owns the unit and lives there.

Does the owner of a condominium also owns the land on which it is built?

AnswerCheck the language on the deed of trust. Usually, all of the owners own the land and parts of the building in common, so no one individual has the right alone to decide anything about it.

Can the owner of the condominium open the business in condo?

Read your governing documents to determine the uses for your property allowed by the association.