propertymanagement
- Lifestyle
What is a Lease?
Definition and Types of Lease A lease is a contractual agreement between a lessor (property owner) and a lessee (tenant) in which the lessor grants the lessee the right to use a property for a specific period of time in exchange for periodic payments called rent. There are various types of leases, including residential leases for apartments or houses, commercial…
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What is a Condo?
Types of Condos and Ownership Structures Condos come in different types and ownership structures, which affect the way owners use and manage the property. Here are some common types of condos: High-rise Condos – These are multi-unit buildings with ten or more floors, often located in urban areas. High-rise condos offer spectacular views and amenities such as fitness centers, pools,…
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