Understanding the Notion of the Condominium

Condos, including apartments, are excellent for people who want to live in a communal setting without dealing with maintenance chores like lawn mowing and property management.

Fremont, CA: A condominium (sometimes known as a "condo") is a sizable building complex comprising several apartments, each owned individually. Typically, ownership includes a nonexclusive stake in particular "community property" under the supervision of the condominium.

A board of unit owners often manages everyday operations of the complex, including lawn care and snow removal, in a condominium.

One way to define a condo is owning the space inside a multi-unit building. This description states that the condo owner does not own the four walls separating their unit from other units or the property's common facilities. The condo's shared areas include walkways, stairwells, floor, ceiling, and outdoor spaces.

A residential high-rise that offers residence for several families is a typical condominium. However, the idea is open to more than just high-rise structures or residential premises. The idea is also used to build commercial establishments, such as office condos, as well as residential townhouses.