# Condominium Real Estate Asset

**IRI:** https://folio.openlegalstandard.org/R83rG2F2Gwg1Tptjt4tnm5M

## Labels

**Preferred Label:** Strata Title Unit

**Alternative Labels:**

- Condo

## Definition

A condominium real estate asset refers to a type of property ownership where an individual owns a unit within a larger building or complex and shares ownership of common areas with other unit owners. Unlike a single-family home, where the owner controls the entire property, in a condominium, the individual unit ownership is coupled with a proportional interest in communal facilities like hallways, gardens, and amenities.

## Sub Class Of

- https://folio.openlegalstandard.org/RUBVBTCdh2Pbwc0lQCuZo9

## See Also

- https://folio.openlegalstandard.org/R7VSt6Td4pEcRCInrHySSyf
- https://folio.openlegalstandard.org/R83rG2F2Gwg1Tptjt4tnm5M
- https://folio.openlegalstandard.org/R9zN7SGPrsshAytaOStmbmJ
- https://folio.openlegalstandard.org/RBG9uiYhwntrBh3nO4nqsWX

**Deprecated:** False