Q …….What exactly is a CONDO?
From Zoocasa ASK the PROS
A Condominium is a space that has been given a Legal Description and marketable title as part of a condominium corporation.
It’s a method of intensifying the use of a piece of land, controlling the shared maintenance and appearance and allowing people to own a small chunk of the whole, quite independently of anyone else.
A unit is sometimes at grade, sometimes 65 floors in the air, or 5 levels below ground, sometimes it has many levels, sometimes the space is surrounded by conrete or wood or metal or plastic and the newest ones have nothing built on them “Vacant Land” condos.
In addition you can find Leasehold Condos that are units in a structure that is on leased land