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CONDOMINIUM

Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.

However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.



Definition

A condominium or a condo is, first and foremost, a residential housing complex that is usually separate from what we usually know as flats. In a condominium, each and every unit is owned by the buyers who purchase a condo. You need to know that condo owner are very much responsible for the affairs of what goes inside the condominium. Other than that, it is needed for the owner to pay a regular fee for the condominium for the regular maintenance and that amount is to be paid to the condo association. That is, the fee is considered as maintenance fees which the common solicitor shares to maintain the overall condo.

Use of Condominium in Real Estate

When it comes to the matter of real estate, condominiums are quite a thing. Nowadays, the developers are much interested in building a condominium in a given space as that is easy to maintain, and buyers get a much bigger space to stay in. As in a condominium, each and every party has to pay the basic fees; the property remains under the control of the guidance of basic law and order.

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