
Condominium refers to a form of ownership in which you own and hold title to the the interior of a specific residence. For example, you own the interior of a condo apartment, including the floor and the indoor face of the walls which you are free to carpet or paint or wallpaper as you wish. The condo association owns the roof and the exterior walls, the plumbing and wiring inside those walls, the sidewalk and shrubs outside plus any common facilities such as the gym or the pool.
Tags: condo association, condominium, what is a condo
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