What is a (home) compound?
What is a compound exactly. Is it like a large estate...that your family lives on with a huge fence all the way around the property? What does a compound contain...? tennis courts or what? help......
- 1 decade agoBest Answer
A family compound typically contains multiple homes owned/lived in by related individuals, often with common/shared amenities (such as the tennis court you describe). Sometimes the compound is under a single deed, but more often it is just abutting parcels (possibly the result of a subdivision of a larger parcel that was owned by the family in prior generations). Amenities are often technically owned by one property owner but shared among other members of the extended family that also own property in the compound.Source(s): Personal experience -- for whatever that's worth.
- LouiseLv 44 years ago
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If you pay EMI which includes instalment & interest there won't be compounding of interest though the bank is charging interest on monthly basis.In any case interest is payable on every month & hence interest charged in a month will not be added to next month.Rest of the calculation is easy to work out.
- ?Lv 71 decade ago
Many acres with two or more homes on site occupied by family members.