Condominium Definition

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Condominium – Wikipedia

Form of housing tenure and other real property

A condominium, often shortened to condo in the United States and in most Canadian provinces, is a type of living space similar to an apartment but independently sellable and therefore regarded as real estate. The condominium building structure is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. Condominiums are a type of common-interest development (CID). Similar concepts in other English-speaking countries include strata title in Australia, Malaysia, New Zealand, and the Canadian province of British Columbia; commonhold in the United Kingdom; and sectional title in South Africa.[1]

Residential condominiums are frequently constructed as ordinary apartment buildings, but there has been an increase in the number of “detached condominiums”, which look like single-family homes but in which the yards, corridors, building exteriors, and streets as well as any recreational facilities (like a

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