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Difference Between Condo and Apartment

Posted on July 7, 2012 by admin Condo vs Apartment   Apartments and condominiums (called condos in short) are dwelling units that are very similar in structure and purpose. They are both used for residential purposes and called by either name depending upon the part of the world you live. However, it is not that the two properties are the same and the two names can be used interchangeably. At least, there are legal differences that will be highlighted in this article. Condo Condominium is a large property complex where individual housing units are owned by individuals whereas common property such as stairs, elevators, gardens, swimming pools, halls etc are shared by all owners and owned by an association of owners. In general though, the word condominium is used for the dwelling unit that is otherwise called an apartment in many parts of the world. Condos are owned and not rented as is the case with apartments. The word condo is typically used mostly in US and Canada. In the case o...

Few Protections Against Secondhand Smoke In California Apartments

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[embedded content] California is not what you’d call a tobacco-friendly state. Smoking is banned in most public places, and state officials have classified second-hand smoke as a carcinogen. But KPBS Health Reporter Kenny Goldberg tells us there’s one segment of California living where protections for non-smokers are sporadic at best. SAN DIEGO — California is not what you’d call a tobacco-friendly state. Smoking is banned in most public places, and state officials have classified secondhand smoke as a carcinogen. Aired 1/17/12 on KPBS News Only three counties and 20 cities in California have laws that ban or limit smoking in multifamily housing . But there’s one segment of California living where protections for non-smokers are sporadic at best. In San Diego, it’s illegal to smoke on the beach, at a Padres game, and in a public park. When you add in statewide restrictions on smoking in bars, restaurants, and workplaces, California has some of the nation’s toughest anti-smoking l...

Difference between housing society and apartments owners association and condominium

The meaning of Condominium is a Building or Complex of Buildings containing a number of individually owned Apartments or houses. Though this concept isvery old one of ownership for buildings in Mumbai, it is the Co- operative Housing Society model which has been and even today, is the most popular and preferred so far. Buyers who purchase premises on an 'ownership' basis require to come together to manage the building and for that purpose, one of the ways is to form a Co- operative Society , which is regulated by the Maharashtra Co- operative Societies Act , 1960. An alternative to a Co- operative Housing Society was introduced by the Maharashtra Apartment Ownership Act , 1970, which provides for the formation of a Condominium. The buyers of premises in a Condominium are called Apartment owners who form an association known as an 'Association of Apartment Owners ' in case of both i.e. residential as well as non-residential premises. The meaning of...

Landmark Apartment Trust, Inc. to Be Acquired by Starwood Capital Group and Milestone Apartments REIT

RICHMOND, Va.--( BUSINESS WIRE )-- Landmark Apartment Trust , Inc. (“Landmark” or the “Company”), a multifamily real estate investment trust with assets located in select metropolitan areas throughout the Southern United States , announced today that it has entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which it will be acquired by Monument Partners, L.L.C. (“Monument”), an entity owned by affiliates of Starwood Capital Group and Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) (“Milestone”), in an all- cash transaction valued at approximately $1.9 billion, including the assumption of existing debt. Upon completion of the transaction, Landmark will become a privately held company. Pursuant to the terms of the Merger Agreement, Monument will acquire all of the outstanding common stock of Landmark and all of the outstanding common units of Landmark’s operating partnership, Landmark Apartment Trust Holdings, LP, for $8.17 per share or...

Aspen Chase Apartments - 22 Photos - Apartments - 2960 International Dr, Ypsilanti, MI - Phone Number

6 2960 International Dr Ypsilanti , MI 48197 (734) 434-0297 Aspen Chase is a good place to live. Relatively safe, good support staff and building managers. Beware, however, the rents advertised are not the rents you will end up paying. My apartment is supposed to be $699 but they charge extra $20 per month for my cat, plus extra monthly fees for the electric costs of the general property, garbage and sewage fees, plus administrative handling fees and water for the property. (This does include the water bill or the electricity bill I get for my individual apartment). I've never lived in an apartment complex where I had to pay an extra fee for garbage collection... Also, the fees change per month so it is hard to budget for them. (Average rent I pay total is $750-800). If they advertised the actual rents, I wouldn't have said no to taking an apartment here for $750 a month, it just feels really crappy to see all these extra fees for expenses that should be covered by the man...

Greystar Plans Orlando Apartment Community

Orlando, Fla.—Greystar has unveiled plans for a 448- unit apartment property in Orlando, with construction set to start in October for a completion date about a year later. The development will be called Elan Audubon Park , and will be in the Audubon Park Garden District near the intersection of Maguire Blvd. and East Colonial Dr . Greystar will develop, construct, and operate Elan Audubon Park upon completion. The property will be owned by the company in a partnership with an institutional global real estate opportunity fund . Charleston, SC- based Greystar manages about 385,000 units in more than 100 markets nationwide. The property will offer one-, two- and three- bedroom units ranging in size from 646 square feet to 1,370 square feet, as well as three-story, three-bedroom townhouses. Some floor plans will offer elevator access and incorporate features such as built-in desks, open kitchens with center islands, USB charging outlets and walk-in closets, as well as patios and b...

Starwood Capital Group, Milestone Agree to Acquire Landmark Apartment Trust for $1.9B in All-Cash Deal

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GREENWICH, CONN. — Monument Partners LLC , an entity owned by affiliates of Starwood Capital Group and Milestone Apartments Real Estate Investment Trust (TSX: MST.UN), has entered into an agreement to acquire Landmark Apartment Trust Inc. in an all- cash transaction valued at $1.9 billion, including the assumption of existing debt. Under the terms of the deal, Starwood Global Opportunity Fund X, through a controlled affiliate, will acquire Landmark Apartment Trust ’s ownership interest in 19,615 units in 63 apartment communities . The portfolio is located in eight Sunbelt states, with major concentrations in Dallas, Atlanta, Orlando, Tampa, Charlotte and Nashville. Milestone — which will acquire 4,172 units in 15 assets as part of the transaction — will serve as property manager for Starwood’s portion of the portfolio. “This acquisition highlights our confidence in multifamily housing as an asset class that represents an attractive risk-reward proposition for our investors,” says ...

MIG Real Estate Acquires 301-Unit Luxury Apartment Community in McKinney, Texas

MCKINNEY, TX - MIG Real Estate , a Newport Beach, California- based real estate investment company , has completed the acquisition of Regency at Stonebridge Ranch , a 301- unit luxury townhome apartment community in McKinney, Texas." MIG Real Estate recognized Regency at Stonebridge Ranch as an exciting opportunity to invest in a market with strong population and job growth," said Greg Merage, CEO of MIG Real Estate . "Regency at Stonebridge Ranch offers a unique package of luxury amenities and value-add potential through interior upgrades in an area where multifamily housing is in high demand." Regency at Stonebridge Ranch is located at 2305 S. Custer Rd. within the larger Stonebridge Ranch master - planned community in the Dallas, Texas suburb of McKinney. Situated six miles east of McKinney's historic downtown, residents have access to shops, restaurants and the McKinney Performing Arts Center . The community's location offers proximity to near...

Renters Insurance for College Students A Smart Move

Wednesday, Aug. 23, 2017 ATLANTA, Ga. (WRDW/WAGT) -- As the start of the college school year begins , students who move out of the house or off campus may want to purchase renters insurance . According to Georgia Insurance Commissioner Ralph Hudgens , renters insurance can cover the loss of computers, tablets, musical instruments, jewelry and much more in the event of theft, fire or some other unforeseen disaster. "If your college student is moving away to school with expensive computers or other valuables, buying renters insurance is a smart move," Hudgens said. “The landlord may have insurance on his building, but that won’t cover replacement of a tenant’s possessions.” Commissioner Hudgens offer answers to these common questions about renters insurance : Q: What does renters insurance cover ? A: The possessions of anyone who rents a residence, whether it’s an apartment, house, manufactured home or condominium. Renters insurance protects personal...

The Real World: San Francisco house is for sale — see what it looks like now

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If you’ve ever dreamed of living in one of those fancy "Real World" houses but hate the idea of sharing it with six strangers, you’re in luck. The home from the show's third season, in San Francisco — arguably one of its best — is currently on the market. Courtesy of Hill & Co. Real Estate While the home’s interior doesn’t look much like the space Pedro, Puck, Judd and Cory shared with the others anymore, it’s certainly got the history, location and luxe design elements to warrant a high price tag . Listing agent Stephanie Ahlberg of Hill & Co. Real Estate told TODAY Home that the seller has agreed to a large price reduction that will bring the cost down from $6.9 million to $5.8 million. MTV/Courtesy Everett Collection David "Puck" Rainey, Rachel Campos, Cory Murphy, Pam Ling, Mohammed Bilal, Pedro Zamora and Judd Winick of "The Real World: San Francisco," which aired in 1994. The famed 949-953 Lombard Street in the Russian Hill nei...

Meridian Pointe Apartments - 10 Photos - Apartments - 407 Valley Ave NE, Puyallup, WA - Phone Number

9 407 Valley Ave NE Puyallup , WA 98372 (253) 840-8500 I moved from San Francisco to Puyallup (first mistake, but that is neither here nor there) and ended up in these apartments. First day, walked out on my "porch" to be visually greeted by an exposed beer-belly sitting on a completely upholstered couch , that was on his porch. Guess he didn't get the memo that there is indeed furniture that is made for the outdoors as well as clothing for bellies of that caliber. While this was disturbing, I will admit that there were some pluses to living at Meridian Pointe . Maintenance was pretty punctual about fixing things, neighbors were decent, and location is convenient to the highways. Also, PET FRIENDLY! But, in regards to pets, on my final walk through before moving out, a maintenance guy came to inspect my place, checked my carpet for pet damage, and told me it was in good condition . Then, I was charged for new carpet!? Dislike. Worst apartment ever. Moved in they charged...

Colliers International Brokers Sale of The Park at Deer Valley Apartments in Phoenix for $33 Million

PHOENIX, AZ - Colliers International in Greater Phoenix negotiated the sale of The Park at Deer Valley apartments at 17425 N. 19th Ave., in Phoenix, for $33 million or $75,688 per unit. Executive Vice Presidents Bill Hahn , Jeff Sherman and Trevor Koskovich with Colliers’ Phoenix office represented both the buyer and seller. The seller was Bruckal Properties, Inc., of Kelowna, British Columbia, Canada. The buyer was a private investor, Billah Khan of Phoenix. Financing was arranged through Walker & Dunlop in Phoenix.Khan added The Park at Deer Valley to his portfolio of Phoenix-area assets, which includes Acacia Pointe in Glendale and Marble Creek in Phoenix. Plans call for continuing interior and exterior upgrades started by the seller, who completed more than $3 million in renovations. “This transaction is a prime example of how the combination of off-shore equity and low interest rates create strong financial returns for the buyer,” said Hahn. “Returns will continue to gro...

2 housing developments on Pittsfield Township's Planning Commission agenda

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Developers want to build apartments on a vacant plot of land off Ann Arbor-Saline Road, which was once planned to be a motel and restaurant building. Lizzy Alfs | AnnArbor.com Pittsfield Township Planning Commission will consider plans Thursday night for a proposed apartment complex behind the Oak Valley Centre on Ann Arbor-Saline Road. The Oak Valley Apartments project — proposed for a vacant piece of land behind the northern portion of the shopping center anchored by Target — calls to construct 16 buildings with 192 total apartment units . The plans were submitted to the township in late 2012 by a group of business partners who also own the northern section of the shopping center. Planning Commission considered the plans in March and asked the developers to make several changes, including reorienting two buildings on the site to better protect a wetland. A concept image for the proposed Oak Valley Apartments on Ann Arbor-Saline Road. Alexander V. Bogaerts & Associates Th...