What is Condominium? Definition of Condominium, Condominium Meaning

Unless otherwise provided, the common areas are held in common by the holders of units, in equal shares one for each unit. There are many estate agencies in Tuscany, and many of them are great ones too. We pride ourselves to be collaborating with most of the “good guys” out there, this allows us finding any and all properties for sale in Tuscany, from apartments in town, to the ones in the countryside and on the coast, to villas, castles and vineyards. Growing economy – Thailand’s economy is experiencing good growth. Industry professionals are predicting 10% growth per year for the country’s residential property market. This city is loved by many thanks to its charming culture, beautiful landscape, and warm, friendly people.

  • Each development integrates business, commercial, retail, leisure, and nature in a singular address where you can live, work, and play well.
  • Said “condominium owner’s” copy need not reproduce the ownership status or series of transactions in force or annotated with respect to other condominiums in the project.
  • Each condominium owner shall have the exclusive right to paint, repaint, tile, wax, paper or otherwise refinish and decorate the inner surface of the walls, ceilings, floors, windows and doors bounding his own unit.
  • The interests in condominium may be ownership or any other interest in real property recognized by the law of property in the Civil Code and other pertinent laws.

Each condominium owner shall have the exclusive right to mortgage, pledge or encumber his condominium and to have the same appraised independently of the other condominium but any obligation incurred by such condominium owner is personal to him. First of all, you own your own apartment or house outright, in addition you share the use of common areas, utilities and amenities, together with the other owners. It is managed by an administrator (“amministratore di condominio”), with the help of a president and a secretary.

House rules

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Get the e-brochures right here without having to visit or contact individual developers. Gravatar is an image visualisation service provided by Automattic Inc. that allows this Website to incorporate content of this kind on its pages. Condominium charges will not cover the maintenance costs for the upkeep of your private property. Incentives and support from the Thai government – the Thai government views foreign investors as an important factor in Thailand’s growth and they have made the process to purchase Condominium in the country for foreign investors very easy. The average temperatures range between 28°C and 35°C but expect to experience 40°C temperatures during the hot season, which runs from March to June. From July to October, the rainy season starts, marked by heavy rainfall and rising humidity.