Remove Condominium Remove Rental Unit Remove Tenant Management
article thumbnail

Understanding the difference between a condo and a multifamily residence

MRI Software

A condo, or condominium, is a privately owned unit within a larger multi-unit building. Residents own their individual units outright, but shared spaces like gyms, pools, and hallways are managed collectively through a homeowners association (HOA). What is a condo and how does it work?

Finance 52