A Condo is a type of ownership that allows a person to own an apartment or a house that look similar or that are identical. In a Condo type of ownership the concerned person has rights to mortgage his flat or house whenever he feels like. The owner of a Condo has a joint ownership in all common areas like hallways, entrances and elevators. In a Condo type of ownership a person can own a single family house, row houses, town houses or even apartments.
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