- A condominium, normally abbreviated to the condo, is a sort of real estate isolated into a few units that are each independently claimed, surrounded by basic territories mutually possessed. The form of ownership defines a condominium.
- Residential condominiums are regularly built as apartment buildings, however, there has been an expansion in the quantity of “detached condos”, which look like single-family homes yet in which the yards, building outsides, and avenues are mutually claimed and together kept up by a group affiliation.
- The type of condominium was separated into 2 essential classes: leasehold and the freehold. The Freehold apartment suites are additionally isolated into 4 essential sorts.
The type of condo to be chosen would rely on upon the land utilized and the interest of the developer. Each land would be appropriate to create no less than one or a mix of some condominium types.
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