CONDOMINIUM OWNERS' ASSOCIATION title: condominium owners' association (RE) (SAP Library - Glossary)
CONDOMINIUM OWNERS' ASSOCIATION category: Real Estate Management (RE)
CONDOMINIUM OWNERS' ASSOCIATION explained:
German law
A group created when a piece of real estate is divided into smaller, self-contained units (usually apartments) that are entered as separate units in the land register.
This group is made up of the owners of the individual apartments. The apartments are individually owned, but there may also be common space considered to be in common ownership.
The condominium owners' association is normally considered to be a legal person represented by the governing committee. The association is the contractual partner of any service providers.
More terms such as condominium owners' association in Dictionary C.
- Manual Chat (MP-APP-CR):
- Help Textual real-time communication between two or more users via computer and network condominium owners' association definition.
- Manual Characteristic Value (SCM-APO-FCS):
- Help The value of a characteristic. For instance if the characteristic is color, the characteristic values could be Red, Green, or Blue condominium owners' association explain.
- Manual Cap:
- Help interest rate options that can be exercised if the interest rate exceeds an agreed maximum interest rate or interest rate ceiling. The interest rate cap is compared to the agreed reference interest condominium owners' association what is.
- Manual Coverage (IS-H):
- Help The undertaking of the insurance provider to pay the billable expenses incurred by the hospital in accordance with the conditions of the insurance policy condominium owners' association meaning.
- Manual Conversion Program:
- Help written by a developer when massive changes have been made, such as new structures or contents. These are permanent conversions and result in new archiving sessions and archive files. You can convert condominium owners' association abbreviation.
