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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
What is a condominium? | Rocket Mortgage A condo, also known as a condominium, is a housing or residential complex where individuals own their units Learn more about this affordable path to homeownership
What Is A Condominium? - Homebuyer. com A condominium is a unit you own in a multi-unit building with shared common areas You own your unit but share costs for maintenance, insurance, and amenities through HOA fees