Certainly, here’s a general description of what a condominium is:
A condominium, often referred to as a condo, is a type of residential property ownership arrangement. Condos are typically units within a larger building or complex. Owners of individual condo units have legal ownership of their specific unit and jointly own common areas and facilities with other condo owners within the complex. These common areas can include things like hallways, elevators, swimming pools, and parking lots.
Condo owners are usually members of a homeowners’ association (HOA) or a condo association, which is responsible for managing and maintaining the shared spaces and amenities. Condo living often offers a blend of homeownership and shared community living, making it a popular choice for those who want some of the benefits of owning a home without the full responsibility of maintaining the entire property.
Resource: ChatGPT
