Just taking a walk in Manila, Makati or Bonifacio Global City shows us that there seems to be no end to the number of
condominiums being built as the demand increases.
Commenting on the situation of Cambodian
condominium market in the next 3 years, Goos anticipated the most high-end
condominiums will face the problems as they can't find enough buyers and people to rent the expensive.
I have to confess, I have the second edition of The
Condominium Concept on my shelf in the office.
However, the term "owner" is sometimes defined as the "current titleholder of record." Such drafting allows the current owner of the
condominium to carve out a lesser estate than the fee simple and transfer this lesser estate to another person who might otherwise have been excluded from owning or occupying the
condominium.
The Louisiana
Condominium Act was enacted in its present form in 1979, (17) and Louisiana
condominiums are generally creatures of this statute; (18) however, the concept of
condominium ownership has been present in Civilian jurisprudence for over 200 years.
Condominiums are often useful today in the structuring of so-called "80-20" or other forms of mixed income residential housing that qualify for low-income housing tax credits under Section 42 of the Internal Revenue Code.
The law is constantly evolving for
condominium corporations, owners, and those who assist them.
Tokyo, Japan, Aug 18, 2005 - (JCN Newswire) - Meiwa Estate Company Limited (TSE: 8869), Fujitsu Limited (TSE: 6702), and Mitsuiwa Corporation today announced that Fujitsu's contactless palm vein authentication technology will be implemented for front entrance security using an auto-lock system, at Meiwa Estate's Clio Shonan-Chigasaki
condominium scheduled to be newly constructed by March 2006 in the southwest region of metropolitan Tokyo.
A little farther south, in Sunny Isles, Richard Lamondin's Cornerstone Premier Communities is developing La Perla, a 42-story glass structure with 326
condominiums starting at $400,000.
Officials with the Town of Fort Frances are hopeful the addition of a
condominium along the town's waterfront will act as a drawing card to attract new residents to the area.
The Sixth Circuit, in Razavi, 74 F3d 125 (1996), rev'" TC Memo 1993-624, ruled that taxpayers who leased their
condominium to a company that subleased it to third parties for 200 days could deduct their rental losses from the
condominium even though they had personally used it for 27 days.
"To be or not to be, that is the question." This issue was raised by a famous playwright centuries ago, although it is doubtful he had distressed
condominiums in mind.
Jarmel Kizel, along with D6 Developments LLC, a private real estate development company, which specializes in multi-family, retail and adaptive reuse projects, is renovating a 1920s-era, eight-story office building and repositioning the facility into luxury
condominiums.
