By Lyssa Seward
Alexandria, VA – Hello Zebra readers, this month, let’s chat about condos. What is up with the condo market in Old Town Alexandria?
First, let’s define exactly what a condominium is?
A condominium (also called a “condo”) is a property complex comprised of individual units. Each unit is owned separately. Ownership usually includes a nonexclusive interest in certain community property that is controlled by the condominium management. Condominium management is generally made up of a board of unit owners that oversees the daily operations of the complex, such as lawn maintenance and snow removal.
The facts about condominium living
· A condominium, or condo, is an individually owned unit in a complex or building of units.
· A condo owner owns the air space inside their condo, sharing an ownership interest in the community property, such as the floor, walls, sidewalks, stairwells, and exterior areas.