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"Condo / Condominium"

From Jennifer Lai,
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Definition: 1. A condominium is a complex or building consisting of many living units, which are each owned by individuals. The common areas of the complex or building, such as the parking lot, are jointly owned by the unit owners. 2. A condominium also refers to the specific unit in the complex or building. 3. "Condo" is short for condominium.
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