Homeowner Education

The latest news, tips, and tricks for homeowners

Consideration

In contract law, consideration refers to an item of value that the parties negotiate as a part of a contract. Consideration is a necessary component

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Condominium

A condominium is a building that contains multiple units available for owner occupancy. Each unit in the building has an owner, but all of the

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Condominium Conversion

Condominium conversion is the process of converting rental apartments, which are leased by the occupants, into condominium units, which are owned by the occupants. Condominium

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Condemnation

Condemnation occurs when a public authority, such as the local government, seizes a piece of private property for public use. The public authority must pay

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Community Development Tax

The Community Development Corporation (CDC) Tax Credit program rewards local businesses that contribute to economic development efforts in distressed parts of the City. The tax

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Community Apartment

a collection of apartment buildings on adjoining pieces of land, generally owned by one entity. The buildings often share common grounds and amenities, such as

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Common Area Assessment

A common-area assessment is a cost that members of condominium associations and homeowners associations must pay to maintain common areas, such as swimming pools, tennis

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Commission

A commission is the fee paid to someone as part of the sale of a particular product. One of the best known commissions involves the

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