A condominium is a form of dual possession of property in which parts of the asset are jointly owned and other parts are independently possessed. The boundaries of the space are defined by an authorized document known as a Declaration, filed with the governing authority. Normally these boundaries will comprise of the drywall adjoining a room, permitting the owner to make modifications to the interiors without touching the shared area.

Cond » Read more: Hiring A Condo Lawyer When Buying A Condominium