Condominium
A large property complex that is divided into individual units and sold. Ownership usually includes a non-exclusive interest in certain "common properties" controlled by the condominium management. Investopedia Says:
Condominium management is usually made up of a board of unit owners who see to the day to day operation of the complex (lawn maintenance, snow removal, etc). Related Terms:
Bungalow
Condotel
Investment Real Estate
Landominium |