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Welcome to The Sue Duchek Gateway Team website! Here You Can Find Great Information on Arlington Heights, Mount Prospect and Palatine, Illinois Real Estate We are pleased to offer you helpful and truly meaningful information to navigate you through your home search. As experts and leaders in our marketplace, we bring our knowledge and passion to work for you. Please enjoy the interior tours of our Featured Homes, as well as learn about our amazing community. Being specialists and often referred to as a "Boutique Office", we are all positioned to give you the most complete inside perspective on our market. Contact us with confidence! WE guarantee your privacy will be respected. We offer the services on this site for free and without any obligation. We want you to want us to be YOUR real estate professional. - The Sue Duchek Gateway Team
Titles >Holding Title to A Condo
With condominiums becoming increasingly popular among today's homebuyers, it is a good time to clarify the terms of ownership that seem to confuse many people. Condo-type residences most commonly fall into two categories - condominiums and townhouses.
A condominium is usually a multi-story structure. Each owner-resident has a deed of ownership for his own unit and owns the space within the unit, but not the land under the structure. Therefore, condo units can be stacked vertically. Condo owners share title to the common areas of the development, including land, exterior of buildings, hallways, roofs and swimming pools -- all areas used by all occupants. Each owner pays property taxes on their unit. Also, a monthly fee is paid to the homeowners' association that is used for managing and maintaining all common areas.
A townhouse, or town home community is usually a series of single- or two-story housing units, each linked to each other horizontally by common walls. Each owner hold title to their unit and the land beneath it, thus these units cannot be stacked vertically. Typically, a townhouse unit will be a two-story residence, with the living area downstairs and bedrooms upstairs. Common areas belonging to the townhouse development are owned jointly. Each townhouse owner pays property taxes and association fees.
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| Q |
What is the world's most capacious building?
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| A |
The Boeing Company's main aircraft assembly plant in Everett, Washington, has been expanded to a capacity of 13.4 million cubic meters, or 473 million cubic feet. |
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