residential condominium
Multi-unit housing which is set up for owner occupancy.
In many cases an owners' association composed of all unit owners is set up to make decisions about and take responsibility for jointly owned areas (such as lobbies, grounds, hallways, roofs, etc. Unit owners usually must pay assessments to contribute to shared costs.
Residential condominiums can exist in apartment buildings, rowhouses or groups thereof, or even in groups of individual houses. Usually the building or complex forms a single development.