About Unit
The individual ownership of one dwelling unit within a multidwelling building, with an undivided ownership interest in the land and other components of the building shared in common with other owners of dwelling units in the building. The condominium as a type of ownership has been present in various forms for a long time.
About Unit
In certain regions the term \"apartments\" is used to refer to owned or rented units. In other countries, apartments refers specifically to units that are leased by tenants, whereas condominium refers to units that are owned outright, and where the owners of the individual units also collectively own the common areas of the property. These may include the exterior of the building, roof, corridors/hallways, walkways, and laundry rooms, as well as common utilities and amenities, such as the HVAC system and elevators.