A "condominium" is a type of ownership that is not related to when a property was built. It is a type of real estate in which an owner has an "undivided interest" in a portion of the property, as well as their own individual space. Condominiums can be created in industrial, commercial, and residential properties.
These are questions that the above text answers:
1. What is a condominium?
2. What type of ownership does a condominium offer?
3. Can condominiums be found in different types of properties?
4. Does the age of a property determine if it can be a condominium?
5. What does it mean to have an "undivided interest" in a condominium?
6. Do condominium owners have their own individual space?
7. Can condominiums be found in residential properties only?
8. Can condominiums be found in commercial properties?
9. Can condominiums be found in industrial properties?
10. Are there any restrictions on the creation of condominiums based on property type?