What is a Condominium?
A multiple-unit dwelling, a condominium is a multiple-unit dwelling. Ownership of individual units is separate, and joint in common areas. The condominium association manages the building, either through a professional manager or directly. The costs of maintaining the building and common areas is shouldered by the owners of the individual units, who at the same time are responsible for the maintenance expenses and upkeep of their own particular units.
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