This dwelling let the buyer or occupant own the whole unit but not the land beneath it. So condos can be stacked above or beside each other as a typical building. Condo owners own only the whole unit that might include a little easement such as the veranda and the doorstep. The rest of the properties are shared by other occupants, more in particular the amenities that goes with it. Gyms, pools, complexes are some amenities that need to be paid on a periodic basis including maintenance for hallways, waste management, aesthetics, surroundings and other common areas. These payments are otherwise known as condo dues or management dues.
Condo unit owners pay taxes for their own unit and while management pays property taxes on the common areas.