How can I avoid these mistakes? What are the tax implications of selling a condominium?

May 21, 2021 ... Common elements are defined as all portions of the condominium other than the units. What does this mean? It means all the areas on property ... 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 ... What is a condominium property regime or “CPR”? CPR is a specific form of ownership and governing process created when real property is submitted to the ... Aug 14, 2019 ... ... condominiums. More on that below. What is a condominium (condo)?. Condominium ownership exist in many forms of residential living. It could ... Mar 27, 2022 ... Firm's Miami Herald Real Estate Column: "What's Next for Condo-Safety Reforms After Legislature Fails to Act?" - The firm's latest Miami ... HO3 vs. HO6. A homeowners insurance policy – or HO3 policy – covers both the outside and inside structure of the dwelling. By contrast, condo insurance – or an ... Aug 1, 2016 ... There are three main documents that exist to make the condominium “legal” that exist in the Public Record, aka at the Registry of Deeds for anyone to read. The English word “condominium” was first used in 1718. This form of property ownership, where an individual owns their unit but shares ownership of common ... Sep 11, 2023 ... Landominiums: Landominiums provide individuality. You own both the house and the land it sits on. Unlike condos, there's no shared wall or ... Sep 14, 2022 ... A condo is a detached, single-family house in a development with an HOA that takes care of all maintenance and repairs.