What is a Condominium (condo)?
A condominium is a type of ownership in real property where all of the owners own the property, common areas and buildings together, with the exception of the interior of the unit to which they have title. Said another way, When you buy a condo, you have exclusive ownership rights to the interior space of your particular dwelling unit but you own the common areas (walls, grounds, fences, facilities) with the other owners in the complex. Often mistakenly referred to as a type of construction or development, it actually refers to the type of ownership. What is the appeal of a condo? Condos offer you an alternative lifestyle for many individuals especially those who prefer to be independent and have their own place to call home that is affordable and at the same time more convenient that buying a conventional home. What kind of condos are there? There are many types of condominiums available out there. Each type can satisfy the different needs of different individuals. The building shape
