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Condominium
Ownership Implication![Play](https://cdn-wordup.com/WebsiteImages/DictionaryPics/BlackPlay.svg)
Indicates private ownership of part of a property, with shared common areas. ![Slide](https://word-images.cdn-wordup.com/tips/tt0e74rENojx4jg1godqfYyfo.webp)
Not Always Apartments![Play](https://cdn-wordup.com/WebsiteImages/DictionaryPics/BlackPlay.svg)
'Condominium' can refer to individual houses in a shared community, not just apartments. ![Slide](https://word-images.cdn-wordup.com/tips/yfIp8zXcTOcYRG4MAZ6erlEXqs.webp)
Shared Responsibility![Play](https://cdn-wordup.com/WebsiteImages/DictionaryPics/BlackPlay.svg)
Owners typically pay fees for maintaining communal areas like hallways or fitness centers. ![Slide](https://word-images.cdn-wordup.com/tips/OULDHaSvnUNAAhjuItvINHMlMQ.webp)