In the United States, a condominium (commonly abbreviated to condo) is a form of living space (often, but not always, similar to an apartment) that is separately available to be sold and thus considered as Real Estate. The condominium building is divided into numerous apartments, each of which is individually owned and is surrounded by shared common areas. Condominiums are a type of common-interest development (CID). Ordinary apartment buildings are commonly used to develop residential condos. However, the number of detached condominiums, which resemble single-family homes but have a community association that owns and maintains the yards (gardens), corridors, building exteriors, and streets, as well as any recreational facilities (such as a pool or pools, bowling alley, tennis courts, golf course, etc.). Condominium units are owned wholly, unlike apartments, which are rented by their tenants.
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