The demand for properties in desirable areas often remains high, leading to increased property values over time. This means that when you decide to sell your high-rise condo in the future, you may be able to realize a profit from your initial investment. The management takes care of the regular upkeep of these areas, including mowing the lawn, trimming plants, and maintaining the overall landscape design. This means you can enjoy the beauty of the outdoor spaces without having to personally tend to maintenance tasks. One of the significant advantages of living in a high-rise condo is the reduced maintenance responsibilities compared to owning a traditional house.
The Act also provides for sharing of common property by two or more corporations and in such a case, each corporation is obligated to contribute to the maintenance of the common property. Condominiums in Uganda are regulated by a number of laws including general laws on land, taxation, ordinances of the area where the condominium maybe located but specifically by the Condominium Property Act of 2001 and Condominium Property Regulations of 2002. In this paper, I shall briefly discuss aspects of the Condominium Property Act and Regulations. With smart parcel, you’ll never miss a delivery, as the system securely stores your packages until you’re ready to collect them. Smart booking simplifies the reservation process for communal amenities, ensuring you can easily access the facilities you love. Embrace a smart lifestyle with curated recommendations for local events, activities, and services that cater to your interests.
What are the mistakes one must avoid while buying a condo
Value-added tax is a tax that is levied on the sale of goods and services in Thailand including the sale of a condo. For in-depth understand on tax implications and ownership laws check out FazWaz Advice section here. Located at the heart of bustling downtown Singapore, one Bernam is a 99 year leasehold with 351 residential units condominium that offers residents an unparalleled lifestyle experience. It’s just minutes away from the CBD, Marina Bay Sands, Orchard Road, Chinatown, Little India and Clarke Quay. The Condominium Act is a consumer protection legislation that regulates condo life in Ontario. Condominium unit owners, residents and corporations must comply with it and condo governing documents must not contradict it.