Webt. e. A condominium (or condo for short) is an ownership structure whereby a building is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. The term can be applied to the building or complex itself, as well as each individual unit within. The term "condominium" is mostly used in the USA ... WebApr 4, 2024 · A condo, also known as a condominium, is a housing or residential complex in which there are separate units, with each unit …

Condominium - Wikipedia

WebAug 7, 2024 · Since a condo is part of a larger residential structure (although “detached condominiums” also exist), condo residents typically share certain common areas and amenities with their... WebMar 15, 2024 · Condos are often cheaper than townhouses, in part because they come with no land. The exterior of the units, plus the land around them, is considered a common area and owned collectively by all ... peggy english don\u0027t try to cry

What Is a Detached Condo? Home Guides SF Gate

WebApr 5, 2024 · A detached condo is defined as any condo unit that is completely detached from other condo units in the project. The unit may share no adjoining walls, ceilings, floors, or other attached architectural elements (such as breezeways or garages) with … WebBy contrast, a condominium is one unit that is part of a larger building. With a condo, you don’t own the land or buildings. A condo association maintains it all. The association generally requires a fee for the upkeep and maintenance of communal areas, such as parking lots, pools, and hallways. meath green primary school