Definition and Citations:
A single owned home in a building with many units. It has title to the condo unit but shares land with other owners. They also share upkeep expenses. Taxes are paid based on the unit.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A single owned home in a building with many units. It has title to the condo unit but shares land with other owners. They also share upkeep expenses. Taxes are paid based on the unit.