There is a lot of confusion about the differences between condominiums and townhouses. Additionally, the owners of the individual units also collectively own the common areas of the property, such as hallways, walkways, laundry rooms, etc., as well as common utilities and amenities, such as the HVAC system, elevators, and so on. Many shopping malls are industrial condominiums in which the individual retail and office spaces are owned by the businesses that occupy them while the common areas of the mall are collectively owned by all the business entities that own the individual spaces.
In case the condo is sold, you might find yourselfÂ having to look for another homeÂ as theÂ new ownerÂ mightÂ not be willing to continue renting it. In this regard, the safest choiceÂ when faced with the condo vs. apartment conundrum would be to go with the latter, ifÂ youÂ don’t plan on buying anytime soon.
Our team of reservation agents is known for their exceptional customer service and will do their best in helping to plan your next vacation to Destin, Florida You can browse our condo units by name below, or fill out the quick search box to the left to find exactly what you are looking for.
You will need to buy your own insurance for the contents of your individual unit and any improvements made to it. The declaration for your condominium corporation will contain a description of a standard unit, which will let you identify these improvements.
For example, in a building where we recently listed a unit, the condo association required a 30-day notice before the renovation start date to review the application, as well as a $1,000 deposit, in case the building’s engineer was needed to review the proposed renovation plans.