What is a Condominium?

The article describes condominiums, which are housing units owned by individuals within a larger property. The common areas of the property are owned jointly by other unit owners and managed by a condominium association, which charges a monthly fee for upkeep and maintenance of shared spaces. There are different types of condominiums available, including leasehold and freehold condos, detached condos, condo homes, condo shares, private condos, and condominium buildings. Living in a condo offers various benefits, such as more amenities, a secure environment, lower maintenance, affordability, and a strong condo community. The article lists some of the most common features and benefits of living in a condominium, including beautiful condo communities, year-round security, facility maintenance and upkeep, state-of-the-art facilities, and condominium associations.