A condominium, or "condo," is a type of residential property where the owner has the exclusive right to use and occupy a specific unit, but shares ownership of the common areas and amenities with the other unit owners in the building or complex.
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What does condominium mean?
Related terms
Insurance
Encroachment
Appraisal Contingency
Co-Insurance
U.S. Department. of Housing and Urban Development (HUD)
Capitalization
Agency Closing
Adverse Use
Modification
Awning Windows
Facade
Blighted Area
Graduated-Payment Mortgage (GPM)
Principal
Seller Carry-Back
Subcontractor
Loan Estimate (LE )
Closing
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