What does a condominium mean?

An apartment refers to a small apartment with a small area. According to the nature of land use, it can be divided into 70-year residential apartments, 40-year and 50-year commercial apartments or commercial and residential apartments, and fees are charged according to different land use properties.

Ordinary houses are mostly residential land, with 70-year property rights, mostly large-sized family living places, hydropower and civil use. An apartment refers to a small apartment with a small area. According to the nature of land use, it can be divided into 70-year residential apartments, 40-year and 50-year commercial apartments or commercial and residential apartments, and fees are charged according to different land use properties.

The nature of apartments and ordinary houses

The types of property rights of houses are apartments and ordinary houses, and their nature is the same. Commercial and residential properties refer to commercial properties, sometimes called investment properties, and refer to those properties that can obtain sustained growth returns or sustained appreciation through operation. The charging standard for commercial hydropower is generally 40 years of property rights.

Although the return on investment of commercial real estate is very high, it should be noted that the concept of "apartment" is originally imported and its definition is vague. Before buying, the buyer must first find out whether it is residential or commercial.

An industry insider with many years of experience reminded: "Compared with residential buildings, the so-called apartments sold in commercial buildings are commercial in nature, with only 40 years of land use rights. Such buildings are generally not connected with natural gas, and some bathrooms are different from residential buildings. Their utilities are also commercial, higher than civilian prices, and property fees are higher than residential standards. "