A. Lewis Purdy Real Estate is a small office consisting of four full time agents. We have an extensive collective knowledge of the island that cannot be matched. Our mission at A. Lewis Purdy Real Estate of Avalon, NJ is to provide you, the customer with an extensive listing of home and rental properties available in Avalon and Stone Harbor. Put our years of experience of finding Avalon and Stone Harbor summer vacation rental homes by the beach and ocean. In addition to Avalon, NJ summer rentals, we also handle the buying and selling of properties in Avalon and Stone Harbor, NJ. We're committed to helping YOU find exactly what it is you are searching for... A. Lewis Purdy Real Estate is committed to making your Avalon or Stone Harbor Real Estate search one you'll remember!
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Both are forms of multiple ownership.
Co-ops or a cooperative apartment is a form of ownership in which a corporation is established to hold title of a property and lease the property to the corporation's stock holders or shareholders. Occupants of the units sign a subscription agreement for...
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Both are forms of multiple ownership.
Co-ops or a cooperative apartment is a form of ownership in which a corporation is established to hold title of a property and lease the property to the corporation's stock holders or shareholders. Occupants of the units sign a subscription agreement for stock and receive a propriety lease on a specific space or unit. Even though the shares in the co-op are not real property, the shareholders are entitled to deduct mortgage interest (I am not a CPA and do not know the ins and outs of tax deductions).
Condominiums are a form of ownership of individual units in a multi-unit structure or building. The owner of each individual unit has co-ownership of the common areas or common elements. The framework of this ownership is established in the master deed.