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Stillwater, Oklahoma - Condominiums & Townhouses search results Premier Listings

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Important Terms about Condominiums

Condominiums are popular among people who want to combine the most convenient aspects of apartments and home ownership. They can be an attractive option for those who no longer wish to rent or lease the property they live in. If you're thinking of moving into a condominium, you may be confused by the unique terminology you may run into, so let's define certain key terms associated with them.

  • Condominium - A type of multi-unit housing in which each unit is owned by its occupant, who in turn holds partial ownership in the other areas of the building. It differs from an apartment building in that the residents do not rent but own the units. Each owner is responsible for the sale of his or her unit. They can also rent or lease the unit to another party.
  • Common elements - The areas of a condo that collectively belong to its residents. These can include pool areas and laundry rooms. Limited common elements are those allocated to some but not all of the condo residents.
  • Condo association - An organization involved in regulating various aspects of the condominium property, such as making repairs. Condominium residents are typically required to pay a monthly fee, often called an assessment, to the association. The association can be made up of condominium owners or professional managers. Sometimes called a homeowners association.
  • Reserve fund - The money set aside by the condo association for maintenance and repairs.
  • Waterfront condo - A condominium built next to a body of water, such as an ocean, lake, or river. Due to high demand, waterfront condos sales usually command premium prices.
  • Townhouse - A type of housing arrangement in which houses are set in a row and share walls.
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    Alexandria, VA 22314
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    Ruben Properties
    11500 N May Ave #105, Oklahoma City, OK 73120
    Alpine style living is yours as you pass through the gates of our beautiful and well maintained community of new condominiums. We are offering wonderful places to live. Our community features a lot of luxurious amenities.
    (405) 751-8299
    Pepper Tree Condominiums
    7727 S Yale Ave, Tulsa, OK 74136
    (1) Review Write a review
    (918) 496-8100
     
    User Review: "Current manager is rude and unfriendly and not at all helpful. She complains about things that she needs to keep her mouth..." - Justice (OK)
    Villas At Hunters Creek
    1000 Villas Creek Dr, Edmond, OK 73003
    (405) 216-5479
    Wimbledon Square Condominiums
    400 W Edmond Rd Apt 12, Edmond, OK 73003
    (405) 509-6600
    Spring Creek of Edmond
    777 E 15th St, Edmond, OK 73013
    (405) 757-0036
    The Residence at North Penn
    14520 N Pennsylvania Ave, Oklahoma City, OK 73134
    (855) 716-4539
    Watermark at Quail North
    2701 Watermark Blvd, Oklahoma City, OK 73134
    (405) 237-5454
    Quail Springs Condominiums
    14413 N Pennsylvania Ave Ofc 1, Oklahoma City, OK 73134
    (405) 755-9135
    Willow Run Condos
    1025 Nw 86th St, Oklahoma City, OK 73114
    (405) 842-1781
    Warren's Spring Hollow Condos
    11403 Springhollow Rd, Oklahoma City, OK 73120
    (405) 749-8780
    Stratford Place Condominium Homes
    11120 Stratford Dr, Oklahoma City, OK 73120
    (405) 755-5630
    Warren's Spring Hollow Condos
    11433 Springhollow Rd, Oklahoma City, OK 73120
    (405) 749-8780
    Waterford Condominiums
    6202 Waterford Blvd, Oklahoma City, OK 73118
    (405) 840-3341
    Grandmark
    6405 Grandmark Dr, Oklahoma City, OK 73116
    (405) 840-4346
    Ashbriar Condo
    6700 N Meridian Ave, Oklahoma City, OK 73116
    (405) 840-3393


    Condominiums are essentially apartments that a person owns rather than rents or leases; they also might pay association fees to help with the maintenance of the building and grounds around the condos. Condominiums usually will contain kitchens, laundry rooms, and multiple bedrooms and can be very luxurious or have a very contemporary look. Condominiums also often come with 24 hour security services. Buying and selling condos is usually done by real estate agents but they can also be put up for sale by the previous owner. Condominiums differ from townhouses in the fact that condominiums can be high rises, multi-bedroom, or even similar to the style of a hotel, whereas townhouses usually only have one or two units per building and are houses rather than high rise buildings. Many new condominiums offer luxury features and can be found in any part of the cities including downtown. Real estate agents will also offer more services when dealing with purchasing condos rather than renting apartments. An excellent way to get more information about the differences between condos both old and new, townhouses, and luxury vacation sales is to speak with a real estate agent who has access to multiple listings in all areas. Other information can usually be found through online sites and sometimes brochures that include property for lease, condo listings, and vacation property for sale. Many people consider condos more of a home than apartments because they own them rather than rent them. Condominiums can include almost anything from luxury kitchens, multiple bathrooms, and can even come completely furnished. They may be downtown or in the suburbs and they can come in almost any size.
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