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People wonder what constitutes a condo or condominium. Technically a condominium is a form of ownership where the owner of each condo unit owns the part of their unit "from the paint in" and a percentage of all the common area. The common area of condos includes but is not limited to: ALL THE LAND, roof, building exterior, parking, and yards (even though some allow for "exclusive control" of certain yards.)

However, the use of the term condo has come to be used in conjunction with condos and "condo - spec" apartment rentals. Apartment buildings have to meet city and lender requirements to be able to be condo- converted or sold individually as condos. Therefore, those requirements are know as condo-specifications or condo specs. (cont. below)


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Condos and Condomimiums  in Austin Texas - Descriptions and specials
Condos and Condomimiums  in Austin Texas
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