Real Estate Glossary

Q: What is Condominium?

A condominium, or condo, is a type of residential property where the owner has the exclusive right to use and occupy a specific unit, but shares ownership of the common areas and amenities with the other unit owners in the building or complex.

What is Condominium?

A condominium, or "condo," is a type of residential property where the owner has the exclusive right to use and occupy a specific unit, but shares ownership of the common areas and amenities with the other unit owners in the building or complex.

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