What is required for condominium ownership?

In condominium ownership, joint ownership of common facilities is a fundamental characteristic that defines how property is structured and maintained. Each unit owner holds exclusive title to their individual unit, which is a private space they fully own, while simultaneously sharing an interest in the common areas and facilities with other unit owners. These common areas include hallways, pools, gardens, and other amenities that are utilized collectively by all residents of the condominium.

This arrangement promotes a sense of community and cooperation among the unit owners, as they are responsible for the maintenance and management of these shared spaces. It also involves collective decision-making regarding the upkeep and improvement of these facilities, usually governed by a homeowners' association (HOA) or similar body. Therefore, joint ownership of common facilities is essential to the overall functioning and governance of a condominium community.