{"iri":"http://lmss.sali.org/R83rG2F2Gwg1Tptjt4tnm5M","id":"R83rG2F2Gwg1Tptjt4tnm5M","label":"Condominium Real Estate Asset","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.","prefLabels":["Strata Title Unit"],"altLabels":["Condo"],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RCIwc6WJi6IT7xePURxsi4T","label":"Asset Type"},"parents":[{"iri":"http://lmss.sali.org/RUBVBTCdh2Pbwc0lQCuZo9","id":"RUBVBTCdh2Pbwc0lQCuZo9","label":"Multifamily Real Estate Asset"}],"children":[],"relations":[],"url":"https://lmss.io/tag/R83rG2F2Gwg1Tptjt4tnm5M/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}