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Related Web Page Condominium, also known as a condominium or condo for short is a form of property ownership in which individuals own a specific property within a bigger building or complex. Condominiums could include townhouses, apartments, or single-family houses that are part of a larger community with shared facilities and common areas such as hallways and elevators as well as swimming pools. Owners of condos typically have to pay maintenance charges monthly as well as other expenses to keep these common spaces. Click over here to find out a useful reference about condominium.