A condominium is one of a group of housing units where each homeowner owns their individual unit space, but do not typically own a plot of land. There are rules and fees associated with condo living, often a trade-off for maintenance-free living. | Most townhouses fall under a condominium project, but not always. It's a type of home that's usually constructed as a two or three-story unit with a common wall bordering the adjacent unit.
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