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by vel0city
20 days ago
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> any multitenant building is by definition a business Not inherently so, at least in the US. Lots of multi-family structures in the US have multiple independent owners of their own spaces. Townhouses, condos, and the like are often a collection of individually owned spaces with their own deeds and property rights. There is usually a shared organization, such as an HOA, that is in charge of the management of the joint property. This isn't really a "business" though, it doesn't look to make a profit and is chaired by residents. For instance: https://www.zillow.com/homedetails/211-Autumn-Pass-211-San-A... https://www.zillow.com/homedetails/6205-Thomas-Dr-UNIT-F2-Pa... https://www.zillow.com/homedetails/121-121-Beach-St-803-Bost... As an American it just seems strange to me to have people paying a corporation for the same home for 150 years and still have no real ownership stake in it. Like, over 150 years, wouldn't your family have paid many, many times the actual value of the property? |
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