Is a Condo Fee Simple ?

Profile picture for SoCal Appraiser
Good article here explaining the difference....

http://www.ired.com/news/hejl/ownership.htm

  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

January 30 - Sherman Oaks
 Share
 RSS
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

Profile picture for Virginia Beach Homes
Thanks for sharing!!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

February 04
Profile picture for AC4mortgage
Yes. If you own a condo you have an equal ownership percentage in the land. Condos are subject to the HOA rules, bylaws and CC&R's, these state the rights that everyone has to the property. The opposite of Fee Simple would be Lease Hold. Mobile Homes in mobile home parks are lease hold...meaning you do not own the land you lease it.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

February 03
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

E-mail successfully sent!Submission failed!

Related Questions
Profile picture for Cheryl Talbot Real Estate
QuestionIs a Condo Fee Simple ?
  • Latest answer by Cheryl Talbot Real Estate
  • February 04
Related Articles
GuideReal Estate Buyer's Closing Costs
GuideList of Closing Costs and Fees
GuideYou've Opened Escrow
GuideHome Buying One Step at a Time
GuideA Buyer's Guide to Making the Right Choice
Compare Mortgage Rates

See all rates

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy