Condominium Real Estate Asset

Identification

IRI:

https://folio.openlegalstandard.org/R83rG2F2Gwg1Tptjt4tnm5M

Label Condominium Real Estate Asset

Preferred Label Strata Title Unit

Identifier N/A

Alternative Labels

Condo

Definition

A condominium real estate asset refers to a type of property ownership where an individual owns a unit within a larger building or complex and shares ownership of common areas with other unit owners. Unlike a single-family home, where the owner controls the entire property, in a condominium, the individual unit ownership is coupled with a proportional interest in communal facilities like hallways, gardens, and amenities.

Class Relationships

Sub Class Of

• Multifamily Real Estate Asset

Is Defined By

N/A

Class Hierarchy Visualization

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available