What're the Different Types of Condos in Columbus

There are different types of Condos namely Phased Condo, Vacant land Condo and Leasehold Condo.

Phased Condo: Today, one can see numerous condos which are advertised, marketed separated from condo corporations. Under the new acts common elements and units can be added at several stages in a time period of ten years.

Vacant Land Condo: In this type of condo corporation units consist of vacant land and on subsequent registration the owners can decide on what they can build on it ranging from mobile home to apartments.

Leasehold Condo: These condo units are built on lands that are leased by the developers. The clients would purchase leasehold interest in common and unit elements for fixed term. Later this interest can be sold to others.

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