|Statement||David W. Kennedy.|
|LC Classifications||HD1390.5 .K46 1983|
|The Physical Object|
|Pagination||x, 314 p. :|
|Number of Pages||314|
|LC Control Number||83006586|
Buying or selling a condominium or cooperative apartment can be a confusing process. This book makes it easy, giving a step- by-step approach to the process of buying or selling a condominium or . At Manhattan House, the well-regarded midcentury condo on the Upper East Side, Shelly Bleier, an agent with Douglas Elliman, sold a one-bedroom apartment, sight unseen, to another resident of the building . Co-ops are a different breed of cat. If you have an apartment in a cooperative building, you own proprietary shares in the co-op, which gives you the right to inhabit your apartment. The property is much more communal than a condo. This makes buying a co-op trickier than buying a condo. Unincorporated Condo vs. Incorporated Co-op. The most recent government census data tallies over , co-op apartment units in New York City and over , condominium units. The approximate ratio is destined to shrink, however, as the number of new and converted condominium .
Home ownership has been not only a dream but usually the largest investment that the average family in America will make. Tax laws give strong incentive to purchasing a home, as discussed in detail in our . A condominium is a form of real property consisting of condominium units and common elements. Units are the parts of the condominium property which are subject to exclusive ownership. Common elements are the portions of the condominium File Size: 47KB. Condo: Co-op: Ownership: Buying a condo means you own the real estate, including an interest in common areas like lawns. When you buy into a co-op apartment, you’re buying shares that entitle you to a portion of the building. A co-op board will often have to vote you in as a new owner—and approve whomever you sell . Get this from a library! The condominium and cooperative apartment buyer's and seller's guide. [David W Kennedy].
Condominiums and Co-Ops Welcome to the Condominiums and Co-Ops section of FindLaw's Real Estate Center. Condominiums and co-operatives (co-ops) are "common interest" properties that offer ownership interests that are different from those associated with traditional home ownership. "Co-ops" are very similar to condominiums or apartments. CONDOMINIUMS. Definition. The Condominium Property Act became effective in Illinois on July 1, Under this Act, an owner/developer may elect to submit a parcel of real estate to condominium . NYC condos are more expensive, on average, than co-ops. In the 2nd quarter of , for example, condo buyers forked over an average of $1, per square foot in Manhattan, approximately 50% more than co-op buyers. - Buyer - seller-purchase price-financial requirements-subject to approval 2) Offering plan (key information required to be disclosed) - contains all the key information that is required to be disclosed about the cooperative or the condo.