Unlike detached single family homes, condo ownership is based on shared ownership and responsibility. When you buy a unit you normally get the interior airspace only. The ground and buildings are owned in common with the rest of the owners in the project. The second big difference in condo ownership is being part of the homeowners association (HOA). If you own a condo in a project you are automatically a member of the association. The members elect a board of directors to govern the affairs of the project subject to the bylaws. It’s the board’s job to enact and enforce the rules that, in view of the board and members, will make living in the project a pleasant and profitable experience.
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