CARLIE'S CONDO

Last crawled date: 1 year, 8 months ago

A condominium (or condo for short) is a building structure divided into several units that are each separately owned, surrounded by common areas that are jointly owned. Residential condominiums are frequently constructed as apartment buildings, but there are also 'detached condominiums', which look like single-family homes, but in which the yards (gardens), corridors, building exteriors, and streets as well as any recreational facilities (like a pool or pools, bowling alley, tennis courts, golf course, etc.), are jointly owned and maintained by a community association. Unlike apartments which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as corridors/hallways, walkways, laundry rooms, etc., as well as common utilities and amenities, such as the HVAC system, elevators, and so on.