{"id":886,"date":"2024-08-23T00:00:00","date_gmt":"2024-08-23T07:00:00","guid":{"rendered":"https:\/\/crecalculator.com\/faqs\/?p=886"},"modified":"2024-08-23T00:00:00","modified_gmt":"2024-08-23T07:00:00","slug":"cre-terms-to-know-office-condo","status":"publish","type":"post","link":"https:\/\/crecalculator.com\/faqs\/cre-terms-to-know-office-condo\/","title":{"rendered":"CRE Terms to Know: Office Condo"},"content":{"rendered":"<p>Short for \u201coffice condominium,\u201d this term refers to the ownership structure of an office property in which individual units housed in one structure are sold to independent owners. Typically, there are covenants that govern the activities that can be carried out in and improvements that can be made to each unit. Such covenants also stipulate the distribution of costs related to the maintenance and operations of common elements in the building such as the roof and the elevators.<\/p>\n<p>Learn more at <a href=\"https:\/\/www.naiop.org\/education-and-career\/industry-terms-and-definitions\" target=\"_blank\" rel=\"noopener\">https:\/\/www.naiop.org<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/source.unsplash.com\/featured\/?commercial-real-estate\" alt=\"Commercial Real Estate\" width=\"800\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Short for \u201coffice condominium,\u201d this term refers to the ownership structure of an office property in which individual units housed in one structure are sold to independent owners. Typically, there are covenants that govern the activities that can be carried out in and improvements that can be made to each unit. Such covenants also stipulate &#8230; <a title=\"CRE Terms to Know: Office Condo\" class=\"read-more\" href=\"https:\/\/crecalculator.com\/faqs\/cre-terms-to-know-office-condo\/\" aria-label=\"Read more about CRE Terms to Know: Office Condo\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-886","post","type-post","status-publish","format-standard","hentry","category-commercial-real-estate-definitions","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CRE Terms to Know: Office Condo - Commercial Real Estate Valuation Calculator FAQs<\/title>\n<meta name=\"description\" content=\"Commercial Real Estate Valuation Calculator FAQs - CRE Terms to Know: Office Condo\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crecalculator.com\/faqs\/cre-terms-to-know-office-condo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CRE Terms to Know: Office Condo - 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