The world of multifamily housing can be a confusing place -- condominiums, rental apartments and cooperatives may all look alike, yet each one has a different requirement. Finding the best housing fit will often mean getting to know these differences. No time for real estate school? Here is a quick guide that will help: Condominiums: This is a form of ownership in which residents own their places, and, as members of homeowners associations, jointly own common elements such as grounds and clubhouses. Because it's a type of ownership, don't be surprised to find town houses, flats, and single-family homes that all meet the condo criteria, said Douglas Fenichel of Red Bank-based home builder K. Hovnanian.
...1 Multifamily construction includes condominiums and cooperatives. 2 A loan-to-value limit has not ...
...Condominiums and cooperatives are known as common interest communities. All the ...
WASHINGTON, Feb. 9 /U.S. Newswire/ -- Sales of existing condominiums and cooperatives hit their ninth consecutive annual record in 2004, while the pace of sales activity in the fourth quarter eased but remained the third highest quarter on record, according to the National Association of Realtors(r). There were a total of 970,000 existing condo and co-op sales last year, up 8.0 percent from the previous record of 898,000 units in 2003.
A question that frequently arises in condominiums, cooperatives and other community associations is whether the board of directors that governs an association must hold its meetings in open session and allow unit owners to participate. Most boards normally meet monthly or quarterly to discuss and make decisions regarding matters that affect their communities. Specific items that a board commonly will review include the health of the association's finances, the status of pending litigation, possible repair projects or capital improvements, contract negotiations for a multitude of services, proposed amendments to the association's master deed or bylaws, employment and personnel matters, and violations of the association's rules and regulations by residents.
Public offering of units in cooperatives, condominiums, homeowners associations and timeshares will be streamlined under a new policy announced Monday by Attorney General Eric T. Schneiderman. The policy, which will require developers to give prospective purchasers the option of receiving plans in a searchable digital format, is part of the attorney general's comprehensive initiative to modernize his office's real estate oversight functions and facilitate transactions in the market. The policy will become mandatory on April 1.
New York Attorney General Eric Schneiderman announced a new policy Monday to help streamline the public offering of residences in cooperatives, condominiums, homeowners associations and timeshares, according to a statement. The policy, effective on April 1, will require developers to give prospective purchasers the option of receiving plans in a searchable digital format. It's part of Schneiderman's initiative to modernize the AG's office real estate oversight functions and facilitate transactions in the market.
... units of property for condominium, cooperatives, and leased property, for the treatment of leaseho... rules for applying these rules to condominiums, cooperatives, and leased property. The temporary ...
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