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Condo Conversion
In real estate, a condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individually sold units as condominiums. Such entitlement is generally derived from approvals granted by state/provincial and/or local municipal authorities (and often other relevant agencies, such as conservation authorities). Indeed, though, virtually every condominium project could be characterized as a conversion of property that is held generally under one title, to property that is severed into portions so that the title to most such portions (i.e., units) can be held separately. However, the term "conversion" is usually reserved for just those projects which involve changing the title (and sometimes also the use) of an ''existing structure'', such as a multi-dwelling apartment building, row dwellings (townhomes) o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Property
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law. An extremely important definition of income is Haig–Simons income, which defines income as ''Consumption + Change in net worth'' and is widely used in economics. For households and individuals in the United States, income is defined by tax law as a sum that includes any wage, salary, profit, interest payment, rent, or other form of earnings received in a calendar year.Case, K. & Fair, R. (2007). ''Principles of Economics''. Upper Saddle River, NJ: Pearson Education. p. 54. Discretionary income is often defined as gross income minus taxes and other deductions (such as mandatory pension contributions), and is widely used as a basis to com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multifamily Residential
Multifamily residential, also known as multidwelling unit (MDU), is a classification of housing where multiple separate housing units for residential inhabitants are contained within one building or several buildings within one complex. Units can be next to each other (side-by-side units), or stacked on top of each other (top and bottom units). Common forms include apartment building and condominium, where typically the units are owned individually rather than leased from a single building owner. Many intentional communities incorporate multifamily residences, such as in cohousing projects. Housing units in multifamily housing have greater per capita value than single family homes. Multifamily housing has beneficial fiscal externalities, as their presence reduces property tax rates in the community. History Before the Industrial Revolution, such examples were rare, existing only in historical urban centers. In Ancient Rome, these were called '' insulae'', skyscrapers in Shib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Condominium (living Space)
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] |
Terraced House
A terrace, terraced house ( UK), or townhouse ( US) is a type of medium-density housing which first started in 16th century Europe with a row of joined houses sharing side walls. In the United States and Canada these are sometimes known as row houses or row homes. Terrace housing can be found worldwide, though it is quite common in Europe and Latin America, and many examples can be found in the United Kingdom, Belgium, United States, Canada, and Australia. The Place des Vosges in Paris (1605–1612) is one of the early examples of the type. Although in early larger forms it was and still is used for housing the wealthy, as cities and the demands for ever smaller close housing grew, it regularly became associated with the working class. Terraced housing has increasingly become associated with gentrification in certain inner-city areas, drawing the attention of city planning. Origins and nomenclature Though earlier Gothic examples, such as Vicars' Close, Wells, are know ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Analysis
A market analysis studies the attractiveness and the dynamics of a special market within a special industry. It is part of the industry analysis and thus in turn of the global environmental analysis. Through all of these analyses the strengths, weaknesses, opportunities and threats (SWOT) of a company can be identified. Finally, with the help of a SWOT analysis, adequate business strategies of a company will be defined. The market analysis is also known as a documented investigation of a market that is used to inform a firm's planning activities, particularly around decisions of inventory, purchase, work force expansion/contraction, facility expansion, purchases of capital equipment, promotional activities, and many other aspects of a company. Market segmentation Market segmentation is the basis for a differentiated market analysis. Differentiation is important. One main reason is the saturation of consumption, which exists due to the increasing competition in offered produc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Homeowners 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, 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-occupancies), or by a real estate developer for the purpose of marketing, 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 HOAs. Internationally, one also finds concepts suc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Condominium (living Space)
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] |
Subdivision (land)
Subdivisions are land that is divided into pieces that are easier to sell or otherwise Real estate development, develop, usually via a plat. The former single piece as a whole is then known as a subdivision. Subdivisions may be simple, involving only a single seller and buyer, or complex, involving large tracts of land divided into many smaller parcels. If it is used for House, housing it is typically known as a ''housing subdivision'' or ''housing development,'' although some developers tend to call these areas community, communities. Subdivisions may also be for the purpose of commercial or industrial development, and the results vary from retail shopping malls with independently owned ''out parcels'' to industrial parks. United States History In the United States, the creation of a subdivision was often the first step toward the creation of a new incorporated Township (United States), township or city. Contemporary notions of subdivisions rely on the Lot and Block survey ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
