what is a condo

A condominium, often shortened to "condo," is a privately owned individual unit within a community of other units. It is a housing or residential complex in which there are separate units, and each unit is owned by an individual condo owner. Condo owners are responsible for what goes on within their individual units, including maintenance and repairs. Condos can be found in various types, such as high-rise buildings, small walk-up buildings, or grand old buildings. The key difference between a condo and an apartment is ownership: you own a condo, and you rent an apartment. Condos are popular for people who want to own a residence but don't want to deal with the upkeep that comes with owning a single-family home