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Dunedin condos (Condominiums):
Condos are a hot commodity in the Dunedin real estate market. Dunedin condo prices vary depending on location but with approximate starting prices in the $350,000 range. The owner of a Dunedin condo holds the deed for the specific unit and homeowners association , consisting of all the members, manages the common areas usually through a board of directors elected by the members. The same concept is also used in other countries with different names, such as "unit title", "commonhold" or tenant-owner's association . Another variation of this concept is the "time share". Condominiums may be found in both civil law and common law legal systems as it is purely a creation of statute.
Due to the fact we are in Florida and this is a popular destination for people up north, you might want to consider that when deciding about purchasing a Condo in Dunedin. Renters generally do not maintain their condos as well and this might become a concern later. We have noticed a trend of renters that refuse to keep up the property or they just don't care. I prefer to find my clients a condo with a primarily owner occupied residence. When buying a Dunedin Condo, I always recommend speaking to the neighbors to find out any dislikes about the Condo complex and to get a feel for the type of people your will be attached to. It is also very important to have a qualified Dunedin Realtor to help you with your purchase.
A condominium , or condo for short, is a form of housing tenure . It is the legal term used in the USA and in most provinces of Canada for a type of joint ownership of real property in which portions of the property are commonly owned and other portions are individually owned. In Australia and the Canadian province of British Columbia , the legal term for this is known as strata title .
Often,condos consists of units in a multi-unit dwelling (i.e., an apartment or a development ) where the condo unit is individually owned and the common areas like hallways and recreational facilities are jointly owned by all the unit owners in the building. It is possible, however, for condominiums to consist of single family dwellings: so-called "detached condominiums" where homeowners do not maintain the exteriors of the dwellings, yards, etc. or "site condominiums" where the owner has more control over the exterior appearance. These structures are preferred by some planned neighborhoods and gated communities .
A homeowners association , consisting of all the members, manages the common areas usually through a board of directors elected by the members. The same concept is also used in other countries with different names, such as "unit title", "commonhold" or tenant-owner's association . Another variation of this concept is the "time share". Condominiums may be found in both civil law and common law legal systems as it is purely a creation of statute . This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License .
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