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Condominium
A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units. The term can be applied to the building or complex itself, and is sometimes applied to individual units. The term "condominium" is mostly used in the US and Canada, but similar arrangements are used in #By country, many other countries under different names. Residential condominiums are frequently constructed as apartment buildings, referred as well as Horizontal Property. There are also rowhouse style condominiums, in which the units open directly to the outside and are not stacked. Alternatively, detached condominiums look like single-family detached home, single-family homes, but the yards (gardens), building exterio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Apartment
An apartment (American English, Canadian English), flat (British English, Indian English, South African English), tenement (Scots English), or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building, generally on a single story. There are many names for these overall buildings (see below). The housing tenure of apartments also varies considerably, from large-scale public housing, to owner occupancy within what is legally a Condominium (living space), condominium (strata title or commonhold) or leasehold, to tenants renting from a private landlord. Terminology The term ''apartment'' is favoured in North America (although in some Canadian cities, ''flat'' is used for a unit which is part of a house containing two or three units, typically one to a floor). In the UK and Australia, the term ''apartment'' is more usual in professional real estate and architectural circles where otherwise the term ''flat'' is u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gated Community
A gated community (or walled community) is a form of residential community or housing estate containing strictly controlled entrances for pedestrians, bicycles, and automobiles, and often characterized by a closed perimeter of walls and fences. Historically, cities have built defensive city walls and controlled gates to protect their inhabitants, and such fortifications have also separated quarters of some cities. Today, gated communities usually consist of small residential streets and include various shared amenities. For smaller communities, these amenities may include only a park or other common area. For larger communities, it may be possible for residents to stay within the community for most daily activities. Gated communities are a type of common interest development, but are distinct from intentional communities. For socio-historical reasons, in the developed world they exist primarily in the United States. Given that gated communities are spatially a type of enc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Homeowner Association
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, Incorporation (business), legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents. HOAs are found principally in the United States, Canada, the Philippines, as well as some other countries. They are formed either ''ipso jure'' (such as in a building with multiple Owner-occupancy, owner-occupancies), or by a real estate developer for the purpose of marketing, Management, managing, and selling homes and lots in a residential subdivision. The developer may transfer control of an HOA after selling a predetermined number of lots. These legal structures, while most common in residential developments, can also be found in commercial, industrial and mixed-use developments, in which context they are referred to as POAs or CIDs instead of HO ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fee Simple
In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. A "fee" is a vested, inheritable, present possessory interest in land. A "fee simple" is real property held without limit of time (i.e., permanently) under common law, whereas the highest possible form of ownership is a "fee simple absolute", which is without limitations on the land's use (such as qualifiers or conditions that disallow certain uses of the land or subject the vested interest to termination). The rights of the fee-simple owner are limited by government powers of taxation, compulsory purchase, Law enforcement in the United Kingdom#Powers of officers, police power, and escheat, and may also be limited further by certain encumbrances or conditions in the deed, such as, for example, a condition that required the land to be used as a public park, with a reverter, reversion interest in the grantor if the condition fails; this is a fee simple conditional. History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Area
A common area is, in real estate or real property law, the "area which is available for use by more than one person..." The common areas are those that are available for common use by all tenants, (or) groups of tenants and their invitees.kwcondo In Texas and other parts of the United States, it is "An area inside a housing development owned by all residents or by an overall management structure which charges each tenant for maintenance and upkeep."Common Area laws.com retrieved from real-estate.laws.com Accessed 28 November 2012. Common areas often exist in apartments, gated communities, Condominium (living space), condominiums, cooperatives, and shopping malls. In any situation where there is a tena ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shopping Mall
A shopping mall (or simply mall) is a large indoor shopping center, usually Anchor tenant, anchored by department stores. The term ''mall'' originally meant pedestrian zone, a pedestrian promenade with shops along it, but in the late 1960s, it began to be used as a generic term for the large enclosed shopping centers that were becoming increasingly commonplace. In the United Kingdom and other countries, shopping malls may be called ''shopping centres''. In recent decades, malls have declined considerably in North America, partly due to the retail apocalypse, particularly in subprime locations, and some have closed and become so-called "dead malls". Successful exceptions have added entertainment and experiential features, added big-box stores as anchors, or converted to other specialized shopping center formats such as power center (retail), power centers, lifestyle centers, factory outlet centers, and festival marketplaces. In Canada, shopping centres have frequently been repl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lease
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community Association
A community association is a nongovernmental association of participating members of a community, such as a neighborhood, village, condominium, cooperative, or group of homeowners or property owners in a delineated geographic area. Participation may be voluntary, require a specific residency, or require participation in an intentional community. Community associations may serve as social clubs, community promotional groups, service organizations, youth sports group, community gardens, or quasi-governmental groups. Types * Community land trust * Community garden * Community-supported agriculture * Homeowners' association – association of property owners within a community *Neighborhood association- voluntary association of property owners or residents in a neighborhood *Intentional community – may or may not include formal association or governance *Neighborhood watch *Social club A social club or social organization may be a group of people or the place where they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Single-family Detached Home
A single-family detached home, also called a single-detached dwelling, single-family residence (SFR) or separate house is a free-standing residential building. It is defined in opposition to a multi-family residential dwelling. Definitions The definition of this type of house may vary between legal jurisdictions or statistical agencies. The definition, however, generally includes two elements: * Single-family (home, house, or dwelling) means that the building is usually occupied by just one household or family and consists of just one dwelling unit or suite. In some jurisdictions, allowances are made for basement suites or accessory dwelling units without changing the description from "single-family". It does exclude, however, any short-term accommodation (hotel, motels, inns), large-scale rental accommodation ( rooming or boarding houses, apartments), or condominia. * Detached (house, home, or dwelling) means that the building does not share walls with other ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom Of Great Britain And Ireland
The United Kingdom of Great Britain and Ireland was the union of the Kingdom of Great Britain and the Kingdom of Ireland into one sovereign state, established by the Acts of Union 1800, Acts of Union in 1801. It continued in this form until 1927, when it evolved into the United Kingdom, United Kingdom of Great Britain and Northern Ireland, after the Irish Free State gained a degree of independence in 1922. It was commonly known as Great Britain, Britain or England. Economic history of the United Kingdom, Rapid industrialisation that began in the decades prior to the state's formation continued up until the mid-19th century. The Great Famine (Ireland), Great Irish Famine, exacerbated by government inaction in the mid-19th century, led to Societal collapse, demographic collapse in much of Ireland and increased calls for Land Acts (Ireland), Irish land reform. The 19th century was an era of Industrial Revolution, and growth of trade and finance, in which Britain largely dominate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deliberative Assembly
A deliberative assembly is a meeting of members who use parliamentary procedure. Etymology In a speech to the electorate at Bristol in 1774, Edmund Burke Edmund Burke (; 12 January ew Style, NS1729 – 9 July 1797) was an Anglo-Irish Politician, statesman, journalist, writer, literary critic, philosopher, and parliamentary orator who is regarded as the founder of the Social philosophy, soc ... described the British Parliament as a "deliberative assembly", and the expression became the basic term for a body of persons meeting to discuss and determine common action. Merriam-Webster's definition excludes legislatures. Characteristics '' Robert's Rules of Order Newly Revised'' by Henry Martyn Robert describes the following characteristics of a deliberative assembly: * A group of people meets to discuss and make decisions on behalf of the entire membership. * They meet in a single room or area, or under equivalent conditions of simultaneous oral communication. * Each member ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
