Understanding the difference between a condo and a multifamily residence
MRI Software
FEBRUARY 2, 2025
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). Whether youre prioritizing simplicity or financial growth, this guide has you covered.
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