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These stand alone buildings are often home to hundreds of individually owned homes that are slightly larger than their hotel counterparts. With the rise of timeshare in the 1970s, many condos in these condominiums are group owned and shared throughout the year amongst the different owners.
Typical suburban single-family house in Poland Single-family houses in Montreal Typical single-family home in Northern Germany. Terms corresponding to a single-family detached home in common use are single-family home (in the US and Canada), single-detached dwelling (in Canada), detached house (in the United Kingdom and Canada), and separate house (in New Zealand).
A condominium or "condo" is a form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned. Use of land access to common facilities in the piece such as hallways, heating system, elevators, and exterior areas are executed under legal rights associated with ...
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Membership in a condo is obtained by buying the shares on the open market, most often through a real estate agent. No board approval is needed to buy shares, but in some cases other stockholders or the housing cooperative itself has the right to claim the stocks being sold. There is usually no requirement for the owner(s) to live in the condo.
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