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	Encyclopedia: Condominium (housing)
		A condominium is a form of housing tenure.
		It is the legal term used in the USA and 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.
		Condominiums may be found in both civil law and common law legal systems as it is purely a creation of statute.
	www.nationmaster.com /encyclopedia/Condominium-(housing) (366 words)

	Taking the For-Sale Leap (Site not responding. Last check: 2007-11-06)
		Miller cited the case of a 136-unit condominium project in Tempe, Ariz.: Although the general population in that market is 40 to 45 percent Hispanic, fewer than 5 percent of the buyers of that development were Hispanic.
		Condominiums are a creation of state statute, and developers need to take care to ensure they are in compliance with all the accompanying legal requirements, advised Michael Rodgers, an attorney with Seyfarth Shaw LLP, a national law firm based in Chicago.
		As far as mitigating litigation risks in condominium documents, Owen advised developers to be very careful in understanding the terms and conditions contained in the homebuyers' warranty and to avoid taking on unanticipated liability resulting from common law that is not expressly stated.
	www.multi-housingnews.com /multihousing/magazine/article_display.jsp?vnu_content_id=2035213 (2520 words)

	Online edition of Daily News - Features (Site not responding. Last check: 2007-11-06)
		Condominium is a homeownership method and not the shape or size of a building.
		Condominiums have to be categorised according to the residents' needs, habits, customs and social and educational backgrounds.
		Condominium is a viable alternate homeownership method for all income groups and age groups.
	www.dailynews.lk /2005/03/01/fea12.html (1280 words)

	Co-Housing - Somewhere Between Neighborhood and Commune
		A condominium is built all at once too, houses are individually owned, but land is owned and maintained jointly.
		Housing units are often tightly clustered or attached, which says nothing about attachments among the neighbors.
		There is often a "common house" with a kitchen and dining room, meeting room, and maybe a workshop or library or music room.
	www.pcdf.org /meadows/cohousing.htm (848 words)

	[No title] (Site not responding. Last check: 2007-11-06)
		For instance, as of 1993 the housing stock of the United States consisted of approximately 107 million units and during the time period of 1973-93, 70% of all new housing was built in either the southern or western part of the country.
		Condominiums are also allowed a certain degree of age discrimination in their restrictions and rules and regulations.
		If a condominium is established in which all residents are age 62 or older or if it is set up and maintains a ratio of 80% of all units owned by people age 55 and over, it qualifies for an exemption to the Fair Housing Act prohibition of discrimination against families with young children.
	aalto.arch.ksu.edu /jwkplan/cases/13.htm (20157 words)

	ipedia.com: Condominium (housing) Article (Site not responding. Last check: 2007-11-06)
		It is the legal term used in the USA and Canada for a type of joint ownership of real property in which portions of the property are commonly owned an...
		An alternative form of ownership popular in the United States in common law jurisdictions is the "cooperative" corporation, also known as "company share", in which the building has an associated legal company and ownership of shares gives the right to a lease for residence of a unit.
		Another form is leasehold or ground rent in which a single landlord retains ownership of the land on which the building is constructed in which the lease renews in perpetuity or over a very long term such as in a civil law emphyteutic lease.
	www.ipedia.com /condominium__housing_.html (345 words)

	Realty Times - Real Estate News and Advice
		He claims that since there is only one elevator in a building in which he does not reside, the expenses, maintenance, insurance and other costs regarding the elevator should be paid only by the unit owners in the building where the elevator is located.
		Living in a condominium means that you have to abide by the legal documents which govern your association.
		Author of the weekly Housing Counsel column with The Washington Post for nearly 30 years, Benny Kass is the senior partner with the Washington, DC law firm of Kass, Mitek & Kass, PLLC and a specialist in such real estate legal areas as commercial and residential financing, closings, foreclosures and workouts.
	realtytimes.com /rtcpages/20050711_cooperation.htm (798 words)

	Condominium - Wikipedia, the free encyclopedia
		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.
		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.
	en.wikipedia.org /wiki/Condominium_(housing) (390 words)

	[No title]
		Conversion lending -STATUTE- It is the sense of the Congress that lending by federally insured lending institutions for the conversion of rental housing to condominiums and cooperative housing should be discouraged where there are adverse impacts on housing opportunities of the low- and moderate-income and elderly and handicapped tenants involved.
		Such action must be authorized by the cooperative or condominium unit owners through a vote of not less than two-thirds of the owners of the units other than units owned by the developer or an affiliate of the developer, and may be brought by the cooperative or condominium unit owners through the units owners' association.
		Any such action may be brought in the district wherein the defendant is found or is an inhabitant or transacts business, or in the district where the sale took place, and process in such cases may be served in other districts of which the defendant is an inhabitant or wherever the defendant may be found.
	uscode.house.gov /download/pls/15C62.txt (1606 words)

	Alternative Financing Models - Hybrids of Homeownership (Site not responding. Last check: 2007-11-06)
		Over the years, housing developers have created a variety of homeownership models that vary from the traditional notion of ownership - fee simple ownership of a piece of land and a house.
		From the perspective of an organizational sponsor, the key difference between development of conventional rental housing and limited-equity cooperatives is the need to educate potential buyers in the advantages of cooperative housing.
		In a lease/purchase housing structure, an organization develops and leases a home to a household that is currently "unbankable" and then works with the household to overcome the barriers to a final purchase.
	www.enterprisefoundation.org /resources/ERD/resource.asp?id=1624&c=48&a=view&f=browse (3472 words)

	Fair Housing and Homeowners Associations
		Federal, state, and local fair housing laws require you to provide sellers and homebuyers with equal professional service in marketing or selecting their properties.
		A condominium (co-op, homeowners') association may not use disability as a factor in making decisions on the approval of a new occupant.
		"In addition, the Fair Housing Act requires that reasonable modifications to the premises, such as the installation of a ramp, made at the expense of the occupant, be allowed if those modifications are necessary for an occupant with a disability to use and enjoy the dwelling unit.
	www.aaronline.com /documents/FhPromo.aspx?PrintView=true (630 words)

	Online edition of Daily News - Business (Site not responding. Last check: 2007-11-06)
		Condominium style housing called 'Horizon' is the latest housing concept to be launched by Ceylinco Developers Ltd. (CDL), the developers of the Millennium City mega township.
		Horizon houses are also ideal for retired couples who are looking for affordable, secure and easy to manage housing, a spokesman for the company said.
		Each condominium is 960 square feet with an upstar and downstair accommodation.
	www.dailynews.lk /2002/10/08/bus16.html (171 words)

	CNYC \| New York Leaders Discuss Cooperative and Condominium Reform
		The Division of Housing and Community Renewal has been studying the issue of how rents should be set in deconverted buildings." Since her office devoted countless hours to long, complex negotiations with co-ops, sponsors, lending institutions and investors to prevent foreclosures.
		Often, during the period of time that a unit owner or shareholder is in default on maintenance payments, that same apartment owner may nevertheless sublet his or her apartment and collect rent from the subtenant.
		Cooperative and condominiums that had already spent years dealing with continuing financial crises learned to their dismay that many of the managing agents to whom they had entrusted the day-to-day care of their homes were corrupt.
	www.cnyc.com /code/newsletters/1995/1995-reformsm95.htm (2189 words)

	B136.90 - Council Bills and Resolutions Status
		Opposing Bill 136 relating to the provision of tenant opportunity to purchase housing accommodations and the conversion of rental housing to condominium or cooperative status and Bill 137 relating to relocation assistance for tenants.
		Opposing 1) Bill 136 relating to the provision of tenant opportunity to purchase housing accommodations and the conversion of rental housing to condominium or cooperative status and 2) Bill 137 relating to relocation assistance for tenants.
		M 3085, 1990 by: M. Opposing 1) Bill 136 relating to the provision of tenant opportunity to purchase housing accommodations and the conversion of rental housing to condominium or cooperative status; and 2) Bill 137 relating to relocation assistance for tenants.
	www.co.honolulu.hi.us /refs/bill/status/1990/b136.htm (509 words)

	City of Toronto, City Council Legislative Documents
		The current Rental Housing Protection Act (RHPA), enacted in 1986 and amended in 1989, regulates the conversion of rental housing to condominium by establishing stringent criteria that a municipality must consider when considering conversion applications.
		In addition to applicable Provincial legislation, Council shall not permit the conversion of rental housing to condominium unless the overall vacancy rate for the City as reported by CMHC, exceeds 2 percent.
		Given current rental apartment and townhouse vacancy rates in Etobicoke, any proposal to convert rental housing to condominium, which is made in the foreseeable future, will necessitate two approval processes which involve both an application to amend the Etobicoke Official Plan and an application for plan of condominium approval.
	www.city.toronto.on.ca /legdocs/agendas/committees/et/et980624/it015.htm (1466 words)

	RE/MAX International \| Housing Counsel: Condominium Apathy Starts at the Top (Site not responding. Last check: 2007-11-06)
		Question: Before I purchased my condominium unit, I was required to review the condominium documents and sign a form agreeing to abide by them.
		I wonder if it is misguidance from the legal counsel for the condominium or perhaps just poor advice from the management company.
		Clearly, if there are others in your community who share your concerns, you should be able to mount a major political campaign, throw the current rascals out of office, and get a new slate elected which will be responsive to the needs of your community.
	remaxnorthwest.com /stories/20050714/6613.htm (858 words)

	Housing - Petoskey Regional Chamber of Commerce - Petoskey Michigan
		Condominium type housing has become very popular in Emmet County, reflecting on the resort housing market.
		Some 95% of the condominiums are exclusively for seasonal use; they are very high value, with the average sale price being $125,000.
		Overall, however, housing is available in a wide range of values.
	www.petoskey.com /chamber/housing (184 words)

	US CODE: Title 42,1490f. Loans and insurance of loans for condominium housing in rural areas (Site not responding. Last check: 2007-11-06)
		(2) the individual dwelling units in the project will be sold only on a condominium basis and only to purchasers eligible for a loan or insurance under subsection (a) of this section.
		The principal obligation of any blanket loan made or insured under this subsection shall in no case exceed the sum of the individual amounts of the loans which could be made or insured with respect to the individual dwelling units in the project under subsection (a) of this section.
		As used in this section, the term “condominium” means a multi-unit housing project which is subject to a plan of family unit ownership acceptable to the Secretary under which each dwelling unit is individually owned and each such owner holds an undivided interest in the common areas and facilities which serve the project.
	straylight.law.cornell.edu /uscode/html/uscode42/usc_sec_42_00001490---f000-.html (260 words)

	Archives: Story (Site not responding. Last check: 2007-11-06)
		LATHROP -- The developer of a proposed 77-unit condominium housing in Woodfield Estates has taken steps to allay residents' fears that the project will devalue their properties and cause health, safety and traffic problems.
		The condominium project in question is located in a 5.5-acre vacant lot on the northeast corner of Lathrop Road and Woodfield Drive.
		The remaining 4.6 acres would be turned into a gated 77-unit condominium housing with its own recreation center and swimming pool.
	www.mantecabulletin.com /articles/2005/02/05/news/news4.txt (593 words)

	Sun.Star Pampanga - Cervantes: Unaffordable housing
		They can afford such tiny houses alright, but the masses for whom the housing projects came to be can't.
		Affordable housing for one employed the average way, as in a little over P5,000 monthly paying job, should cost no more than, say, a thousand pesos each month.
		What I've heard is that real low cost condominium housing was already done somewhere in Mandaluyong or some other town in Metro Manila, but none of the squatters got baited so the units, one room affairs I can readily imagine, went instead to teachers and policemen, despite low amortization scheme of only about P400 monthly.
	www.sunstar.com.ph /static/pam/2004/10/26/oped/ding.cervantes.html (747 words)

	REJournals.com - Baby boomers want more from senior housing
		In its "Senior Housing Update 2003," Maxfield Research recently reported that more than 2,000 senior housing units were constructed in the Twin Cities metropolitan area last year.
		Seniors once preferred rental and fee-based housing options because of the ease of getting into new housing, the lack of responsibility for maintenance and repair of units, and the ease of moving on to housing with services.
		While the firm has been active in senior housing for nearly 30 years, the group brings a team approach to land use, zoning, environmental review, real estate acquisition, public financing, construction contracts, title clearance and regulatory issues, such as facility and professional licensing.
	www.mrej.com /story.cfm?Market=MN&StoryID=12032 (985 words)

	SSRN-The Condominium v. Cooperative Puzzle: An Empirical Analysis of Housing in New York City by Michael Schill, Ioan ...
		In this article, we examine the theoretical advantages and disadvantages of cooperatives and condominiums, and apply these theoretical insights to empirically test whether there is a price premium attributable to condominium housing.
		The empirical analysis is based on hedonic models of house values and uses rich data on apartments sold in New York City between 1984 and 2002.
		Unlike the case of cooperatives, condominium owners do not share liability on mortgage debt, they are free to transfer their apartments to whomever they choose, they are subject to fewer rules than cooperative apartment owners and, correspondingly, they need spend less time in internal governance.
	papers.ssrn.com /sol3/papers.cfm?abstract_id=502362 (527 words)

	City of Toronto: Building Toronto Together (Site not responding. Last check: 2007-11-06)
		The Housing Issues Report provides an opportunity for staff to review proposals for development that could potentially impact the City's supply of affordable and mid-range rental housing and affordable ownership housing.
		A proposal for the replacement of the demolished rental units with social housing units at similar rents, including a proposal for replacement of any rent-geared-to-income units with a similar number of these units.
		Number and form of new housing units that will be in forms other than single-detached and semi-detached houses.
	www.city.toronto.on.ca /developing-toronto/dtguide/housing_study.htm (969 words)

	W. P. Carey School of Business - Press Release
		The Greater Phoenix resale housing market enjoyed another strong month in April, amid the war in Iraq and continuing concerns about the state of the economy.
		After several slow months, the resale townhouse/condominium housing sector posted two strong months in a row with 1,460 sales recorded in March and 1,420 in April.
		As a good source of affordable housing and investment opportunities, these units have increased strongly in median price from last year's $95,000 to the current $103,500.
	wpcarey.asu.edu /top/pressrelease_display.cfm?num=608 (940 words)

	AGENDA SECTION PUBLIC HEARINGS / CONSENT / OTHER BUSINESS ETC (Site not responding. Last check: 2007-11-06)
		One of the main benefits of allowing condominium conversion is to provide ownership opportunities for households who cannot afford a detached single-family home.
		On the other hand, increased condominium conversion often reduces the availability of apartment housing, which serves yet another segment of the population.
		The Housing Element offers a few possible conditions for consideration, one of which consists of whether the project proposing conversion includes housing for low- and moderate-income households.
	www.ci.carpinteria.ca.us /agendas/cc/ccit08091304.htm (2101 words)

	BYU NewsNet - Belmont may lose BYU approval
		A letter was recently sent to Belmont condominium owners from BYU housing, warning them that if each unit owner does not send in off-campus housing approval forms by Aug. 31, Belmont will no longer be approved BYU housing.
		At the time the letter was sent to unit owners, 17 condominium unit owners had still not sent in off-campus housing agreement forms, he said.
		For a condominium to be BYU approved off-campus housing, each condo owner must fill out forms agreeing to BYU housing standards, Pace said.
	newsnet.byu.edu /story.cfm/39453 (522 words)

	Brytyjski Fundusz Know How - Program Wspierania Samorządów Lokalnych
		The manual war prepared by experts from the foundation of Social and Economic Iniciatives, the consulting firm Habitat, the "Housing Condominium" association, and the British consultants.
		Booklet IX - Housing condominium and taxes - describes applicable regulations, identifies managers and owners as taxpayers, and presents doubtful legal situation and their interpretation.
		Booklet XVII B - Housing stock management in the multi-family house construction with particular consideration of the mixed forms of ownership in the former council buildings (British experience).
	www.cofund.org.pl /khf/enpub03.htm (357 words)

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