The condo development pattern continues nationwide as dozens of tasks are in progress in Bangkok, several others are underway within the Eastern Economic Corridor provinces of Chon Buri and Rayong, and to the west in Phetchaburi and Prachuap Khiri Khan. In Israel, condominiums (known “בתים משותפים”, “shared houses” or “cooperative homes”) are a standard type of residence ownership. Public housing has traditionally been organized as backed buy and mortgages in government-constructed condominiums. In India, condominiums are generally known as “Apartments” or “Apartment Buildings/Complexes” or “Societies” or “Flats”. Each constructing consists of a quantity of floors and flats/living models with different configurations.
It’s the basis for all legal laws involving particular person freehold ownership, the rights, duties of house proprietor associations and the administration of condominiums. Now home owners are invested with partial legal capability, which means that the home proprietor association represents an entity with rights and duties that will embody contracts. The proper of possession is split in the first article of the German Condominium Act into homeownership, individual freehold possession, part possession and commonhold ownership. Technically, a condominium is a set of particular person home models and common areas together with the land upon which they sit.