A condominium, or condo, is a form of residential use rights where certain parts of real estate (generally apartment rooms) are privately owned. When you simply do the online research, don’t forget to also visit the site of mayfair gardens. So, when will you start doing it?
However, in relation to all forms of use of various facilities in its access, such as aisles, heating systems, elevators, exteriors, and others remain under the jurisdiction associated with private ownership and controlled by the owner’s association which is the overall governing body of the building.
Condos are different from apartments, where the meaning of the condominium itself is intended as a residence or unit whose status is under private ownership and not as a usufructuary or leasehold such as an apartment in general.
Condo buildings usually consist of only a few towers, can be 2 or 3 towers. The condo is also equipped with quite luxurious facilities, such as swimming pools, spacious gardens, gym facilities, restaurants, spas, and other supporting luxury facilities. Condos are intended to be sold to the upper middle class.
The condo also offers a high level of security. Not only guarded by security officers, but condominiums are also equipped with CCTV cameras. With a 24-hour security system, there is rarely a robbery or theft in the condominium environment. Residents also do not need to be bothered with matters of cleanliness and maintenance of the environment because it is usually taken care of by the developer.
Property business people have their own views in differentiating the meaning of condominiums and apartments. They use the term condominium as an apartment unit that is sold and will be privately owned by the residents. The residents are also free to sell their condo. While apartments are units or residential apartments that will be rented out.