What have you bought recently?

dobielvr said:
They aren't always high rises like above in The link....sometimes they're single level apartments that have been converted in to condos. They always require a HOA fee to maintain the grounds, etc.

(I tried to paste a picture for you...but it's too big. And you know how I am with that stuff)
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thanks for that ..I'm still confused..I know I sound stupid.. but how do you mean a single level apartment has been converted into a Condo ?

if I google Condo's in the uSA it shows me pictures of apartment blocks :unsure:
 
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My Daughter used to live in a nice apartment complex. When the owners sold it to a LLC in Saudi Arabia, the started calling the apartments condominiums.
Hundreds of different investors. What a scam!
The reason I know this is beacuse my Daughter was going to sue them so she found out the information.
The apartment was turning into a real dump, they would not fix anything.
She moved last year. She has a very nice, clean apartment now.
 
hollydolly said:
thanks for that ..I'm still confused.
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Google says that the UK version would be called a 'Commonhold', does that make sense? I think of condos as high rise apartment buildings but I guess they do come in all types (including detached ground level) because it is the type of ownership that makes it a condo (a person owns the inside of their unit and is responsible in common with everyone else for the outsides).
 
KSav said:
I think they basically are apartments, aren't they, only you own it instead of renting? And there thus is more of a sense of permanence and stability.
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...so ..for exmple in the Uk, you can buy a house but the house next door..or the apartment next door mght be rented... so would that essentially mean it was a Condo..if it was in the US?..
 
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HoneyNut said:
Google says that the UK version would be called a 'Commonhold', does that make sense? I think of condos as high rise apartment buildings but I guess they do come in all types (including detached ground level) because it is the type of ownership that makes it a condo (a person owns the inside of their unit and is responsible in common with everyone else for the outsides).
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No absolutey not.:unsure:..there's no such thing as ''Commonhold'' to my knowledge
 
A condominium used to mean an expensive apartment (In some cases that you own) with amenities like maintenance. ect.
Now a building owner can call most anything a condominium.

@hollydolly
It is confusing, so many things change so often. Do not even worry about the meaning of the word.
As soon as you uderstand it, it will change.
:LOL:
 
hollydolly said:
thanks for that ..I'm still confused..I kow I sound stupi.. but how do you meana single level apartment has been converted into a Condo ?

if I google Condo's in the uSA it shows me pictures of apartment blocks :unsure:
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A lot of them were previously apartments, connected to each other. bedroom to bedroom ,etc. I think to make more money, they make some renovations and call them condos....that way they can sell them individually. $$$

Some are 2 story town homes, which the property owner will then turn in to condos. Think apartment=condo.
You then have a property that's always occupied and you don't have to worry about renters...that come and go.

ETA: not to confuse you...but not all apartments are condos. It depends on the owner of the property and what he chooses to do with it. Apartment vs condo.
 
HoneyNut said:
I've ordered some mushroom powder. It sounds awful, and I'm not sure if it considers itself a fake-coffee mix, or has coffee in it, or whether if it is supposed to be stirred into coffee. All possibilities sound gross to me. Supposed to be healthy tho.

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I've heard good things about this stuff. I know my massuer adds a little bit to his coffee and drinks it that way.
He raves about it. I'm waiting for it to come down in price and to make sure it's decaf.
 
I can see why you're confused @hollydolly - The term condominium does not refer to a type of building structure. The term condominium or "condo" refers to a type of ownership. The structure itself can be a highrise apartment building or a grouping of townhouses (usually one, two or three story houses joined to each other).

In all condos, regardless of the building structure, people own their living unit AND they as a group of owners jointly own the "common areas" within the apartment or townhouse complex. These common areas would include; roadways, parking areas, pools or tennis courts etc. As such, every owner pays a monthly fee for the operation and maintenance of all "common areas" within the complex. In the case of highrise buildings, common elements would include elevators & underground parking areas - anything that all owners have a right to use.

In Canada at least, the condominium is goverened by an elected board of governers (I believe in the US they refer to it as an HOA) who are also owners of at least one condo unit within the complex. The board of governors sets the annual financial budget for the operations of the condo corporation, including a reserve fund for major repairs that are considered to be over & above monthly maintenance and they set the rules governing what owners can and can't do to the exterior area of their owned unit.

Hopefully that gives you a better idea of what the term condominium means. I'm guessing it's similar to your place in Spain. You own the living quarters and you, plus all the other unit owners, pay a monthly fee for someone to manage everything else in & around the complex that's used by all owners & their guests.
 
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MrPants said:
I can see why you're confused @hollydolly - The term condominium does not refer to a type of building structure. The term condominium or "condo" refers to a type of ownership. The structure itself can be a highrise apartment building or a grouping of townhouses (usually one, two or three story houses joined to each other).

In all condos, regardless of the building structure, people own their living unit AND they as a group of owners jointly own the "common areas" within the apartment or townhouse complex. These common areas would include; roadways, parking areas, pools or tennis courts etc. As such, every owner pays a monthly fee for the operation and maintenance of all "common areas" within the complex. In the case of highrise buildings, common elements would include elevators & underground parking areas - anything that all owners have a right to use.

In Canada at least, the condominium is goverened by an elected board of governers (I believe in the US they refer to it as an HOA) who are also owners of at least one condo unit within the complex. The board of governors sets the annual financial budget for the operations of the condo corporation, including a reserve fund for major repairs that are considered to be over & above monthly maintenance and they set the rules governing what owners can and can't do to the exterior area of their owned unit.

Hopefully that gives you a better idea of what the term condominium means. I'm guessing it's similar to your place in Spain. You own the living quarters and you, plus all the other unit owners, pay a monthly fee for someone to manage everything else in & around the complex that's used by all owners & their guests.
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Oh brilliant , that's really cleared things up for me.... ..you're absolutely right... in our gated community in Spain that's exactly how it is...

We don't have an equivelent to that in the UK ( unleess it's in new gated retirement villages) .... no el presidente etc...like we do in Spain and in Canada and the US.... ... but like Canada.. the Community in Spain is ruled by an elected board of governers..usually an outside company who oversees the rules and regs of the community remotely.. I

Comunidad de Propietarios (Community of Owners)in Spain that regulates the ownership and management of common areas shared by multiple property owners in a residential complex
The (Ley de Propiedad Horizontal)... the horizontal property law.... regulates the rights of the owners of the properties withing our gated community... and within that we have n El presidente ( little hitler President ).. a vice president and secretary whose job it is to take on board the wishes of the home owners, and activate them or propose them to the Adminstrators at the Annual general meeting..

We pay ''community fees'' depending on the size of our property.. for the upkeep of the communal areas, pool etc.. and can vary greatly in price per month depending on the size of the property
 
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hollydolly said:
...so ..for exmple in the Uk, you can buy a house but the house next door..or the apartment next door mght be rented... so would that essentially mean it was a Condo..if it was in the US?..
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Sorry, @hollydolly, I shut my computer down early and just saw this!

I see you have since received several accurate explanations; I have nothing to add that would be of any help. :)
 
Incidentally I don't know if it's the same with Condos...but in our Spanish community the renters pay community charge the same as the owners... again depending on the size of the property. I pay a lot because my property is large but on the community there are some small one and 2 bed.. apartments so they pay less.
 
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