What type of ownership is a condominium?
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Studied at the University of Cambridge, Lives in Cambridge, UK.
Condominium Defined. A condominium is a form of property ownership involving multiple unit dwellings where a person owns his or her individual unit, but the common areas are owned in common. All members share in the costs and maintenance of the common areas.
2023-05-07 23:44:02
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Zoe Patel
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Condominium Defined. A condominium is a form of property ownership involving multiple unit dwellings where a person owns his or her individual unit, but the common areas are owned in common. All members share in the costs and maintenance of the common areas.