The building structure which is divided into the several units which are separately owned and surrounded by the common areas and they are jointly owned is called as the condominium. The residential condo are constructed as the apartments buildings and the they are also called as the detached condominiums and they look like a single-family home but the inclusions are the yards and with the gardens and corridors and buildings exteriors and the streets as well as the recreations al facilitates. The east coast condo singapore are with the pools or the pool and bowling alley, tennis courts and also the golf courses they are jointly owned and they are maintained by the community associations.
The setup:
The apartments are leased by the tenants and the units are owned outright the edictally the owners of the individual units also collectively have the commune and own the areas of the properties and such as the corridors and hall ways and the walkways and the laundry room and will the common with the utilities and the all the amenities and the HVAC system are also there’s and the elevators and all the required amenities. There are some shopping malls and the industrial condos which are like the individual retail and they are with the office spaces and they are owned by the businesses which occupy with them and the common areas of the mall are also collectively owned by all the business and own and the individual spaces.
The association:
The common areas and the amities and the utilities are managed by the owners in a collective manner throughout the associations and this association is called the home owner association. The home owner’s association is the collective members and are the unit owners which can manage the condo through the board which also have a director to control he will elect by the membership and this exists under the various names depending the judications and the such as the unit title and the sectional title and the commonhold the strata council and the tenant owner’s association. The condo will be found with the common law and the civil law and the systems have the purely creation of the status. The costs of the maintaining the common Ares as re paid by the owners.
Summing up:
The residential condo are constructed as the apartments buildings and the they are also called as the detached condominiums and they look like a single-family home but the inclusions are the yards and with the gardens and corridors and buildings exteriors and the streets as well as the recreations al facilitates
