Navigating the world of real estate, particularly when hunting for the perfect condo, can often feel like stepping into a new universe filled with unfamiliar terms and phrases. This glossary is designed to break down some of the most common (and confusing) condo jargon, so you can shop with confidence and clarity.

Basic Condo Terminologies

1. Condominium: At its core, a condominium, or 'condo', refers to a type of real estate ownership where you own a specific unit within a larger building or complex, along with shared ownership of common areas.

2. Common Areas or Amenities: These are spaces within a condo complex that all residents can use. This can include hallways, lobbies, pools, gyms, gardens and more.

3. Homeowners Association (HOA):…

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