• nyahlathotep@sh.itjust.works
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    3 months ago

    afaik it’s essentially an apartment but you own your domicile, and have a stake in the building as a whole along with the other “tenants” who are also co-owners.

    • Cort@lemmy.world
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      3 months ago

      And in addition to the mortgage there’s usually a monthly condo/HOA fee to pay for upkeep of common areas and roofs etc