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Condominium - Wikipedia A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners [citation needed] These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units The term can
CONDOMINIUM Definition Meaning - Merriam-Webster The meaning of CONDOMINIUM is individual ownership of a unit in a multiunit structure (such as an apartment building) or on land owned in common (such as a town house complex); also : a unit so owned How to use condominium in a sentence
What is a condominium? - Homes. com In a condominium setup, an individual owns a specific unit within a larger property Ownership usually stops at the interior walls of the unit Residents share the common areas — the pool, the laundry room, the fitness center, the mailroom — and pay a fee (usually monthly) to maintain them and the development's exterior and landscaping
A Complete Guide to Understanding Condos: Everything You Need . . . - Richr In recent years, condominiums, or condos, have become a popular choice for homebuyers Offering a unique blend of convenience and community, condos present an attractive option for individuals and families looking to simplify their living arrangements However, before you jump into the world of condo ownership, it is essential to fully understand what this type of property entails In this