What is a Condominium?

A type of real property ownership, where all the owners equally own the building, common areas and land together, but have rights to certain areas (such as their unit). It can be confused with a type of building, but it is a type of ownership.

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Tagged: Condo, Definition

About the Author: Craig MacDonald, CEO - RealAgents.com

Craig prides himself in living a life of integrity and connecting buyers and sellers to other like minded REALTORS®. He has over 15 years of experience in property assessment, sales (actively works as a REALTOR® with Mac Homes Inc.), business development, process improvement, marketing and home flipping. He holds a Bachelor’s Degree in Biblical Studies & Psychology, and has certificates in Leadership, Residential Valuation and Lean Six Sigma. Craig is a real estate salesperson with Mac Homes Inc. and is actively trading in real estate. More posts by Craig MacDonald, CEO - RealAgents.com

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