I read the building is owned by a company and the actual living space is owned by the residents.
All those skyscraper apartments in big city work the same way. A company owns the actual building and the residents own just the interior space.
Well if that’s the case, they’ll be the ones sued into oblivion. This may sound naive but how do they make money owning just the building but not the units?
“I read the building is owned by a company and the actual living space is owned by the residents.
All those skyscraper apartments in big city work the same way. A company owns the actual building and the residents own just the interior space.”
condo buildings are owned and operated in aggregate by the condo unit owners via the condominium association they all belong to once the original builder has sold most of the original units ...