Condominium refers to apartment and commercial buildings built by the Federal/Regional Government and the transfer of which is facilitated through financing of the CBE based on the Memorandum of Understanding signed between the Federal/Regional Government and the CBE.
An apartment refers to studios, one or more bedrooms of the residential section of a condominium.
Condominium loan is a term loan granted to individuals buying condominium houses from Regional or Addis Ababa City Administration for a maximum period of 20 years at equal monthly repayments.
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