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residential condominium (ESN 27188 )

Residential condominiums are spaces divided into individually owned housing units. These are generally sold to owner-occupants, who are often allowed to rent them by private arrangement. In many cases an owners' association acts in a unified role as the owner in order to forge necessary agreements between individual members of the association. Unit owners usually must pay assessments to contribute to shared costs.

Multi-unit housing which is set up for owner occupancy.