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Condominium is a form of real estate ownership -- a land-use definition, and can be used by developers who develop single family homes, multi-family dwellings, mixed use high-rise buildings, boat slips, garages, warehouse spaces and so forth.

The basis for condomoinium ownership is this: an owner purchases a private-use portion of the development, and the association -- made up of all owners -- owns most of the real estate assets in common, together -- in shares equal to the allocated interest assigned to the private-use portion.

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Q: What types of condominiums are there?
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