What Is A Condominium?

 

A large property complex that is divided into individual units and sold. Ownership usually includes a non-exclusive interest in certain “common properties” controlled by the condominium management. An individual owner may sell or encumber his/her own unit. In India, the terms condominium, apartment and flat are used interchangeably.

Real Estate Glossary by Zricks.com: View

(21)

Leave a Reply

Pin It on Pinterest

%d bloggers like this: