This is HUD's definition of a condominum.
Condominium: a form of ownership in which individuals purchase and own a unit of housing in a multi-unit complex. The owner also shares financial responsibility for common areas.
The FHA also defines a site condominium:
A site condominium is defined as a single family totally detached dwelling (no shared garages or any other attached buildings) encumbered by a declaration of condominium covenants or condominium form of ownership.
This is a general definition:
A condominium is a form of ownership that can include apartments, townhouses, warehouse and offices. Those who purchase units in a condominium technically own everything from their walls inward. All of the individual owners have shared rights to most common areas, such as the elevators, hallways, pools and club houses. Maintenance of these areas becomes the responsibility of a condominium association. Every owner owns a share of interest in the condominium association, plus an obligation to pay monthly dues or special assessment fees for larger maintenance problems.
The word 'condominium' describes ownership is held, not the physical features of the property.
Scott Miller, Realty Associates, Boca Raton, FL
A condo can be several types of real estate including residential, commerical, industrial as well as several different type sof buildings including detached and attached, 1 story, 2 story and so on, as well as flat, townhouse style, low rise, mid rise, highrise or garden style to name a few.
Please see my blog on condominiums (truths and myths revelaed) I would love to have your opinion.
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Also, with a condo you don't own the walls and floor, just the air in the room. This is the biggest difference between a condo and a townhome. Both can be governed by an HOA.