A Condominium Declaration, often referred to simply as a 'Declaration,' is a legal document that establishes a condominium. It outlines the division of property, including both individual units and common areas, and sets forth rules, regulations, and governance structures for the development.
Conversion in real estate refers to various forms of changing the use, ownership, or financing structure of a property. This can include transforming rental apartments into condominiums, involuntary taking of property, changing the ownership structure of financial institutions, or altering the terms of a mortgage.
Housing refers to structures intended for residential use. It encompasses various types of dwellings from single-family detached houses to multi-unit apartments.
Residential refers to properties intended for people to live in, which includes housing projects such as single-family homes, condominiums, apartments, and townhouses.
A Residential Broker facilitates the buying, selling, or leasing of residential properties such as houses or condominiums, providing essential services to both buyers and sellers.
