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C.1714, “joint rule or sovereignty,” from Trendy Latin condominium “joint sovereignty,” apparently coined in German c.1700 from Latin com- “collectively” (see com- ) + dominum “right of ownership” (see area ). A phrase in politics and international regulation until sense of “privately owned condominium” arose in American English 1962 as a special use of the authorized term. When individuals actually want to avoid the regulation, they can do it without difficulty. California statutes recognize three sorts of “frequent curiosity developments”: condominium, townhouse, and community residence, with the latter being the owned-in-common idea described above.
B. Any dedication of whether or not assessments exceed a hundred and fifteen of assessments for the prior fiscal year shall exclude any approved provision for reasonable reserves for restore or replacement of the condominium property, anticipated bills of the association which the board doesn’t count on to be incurred on a regular or annual foundation, or assessments for betterments to the condominium property.
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The Condominium Administration and Administration certificates program is obtainable in partnership with the Association of Condominium Managers of Ontario (ACMO). Examples of residential real property embrace undeveloped land, houses, condominiums and city homes; examples of economic real estate are office buildings, warehouses and retail store buildings; and examples of commercial actual property include factories, mines and farms.
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The City of London has been the approval authority for condominium applications since 1994. In case your … Read More...