Condominium

{
  "id": "MLC-T-INS-000896",
  "term": "Condominium",
  "field": "Insurance and risk management",
  "definition": "A form of real estate ownership where individuals own their specific unit within a larger complex and also share ownership of common areas with other unit owners. Each unit owner typically holds a separate deed for their unit. Insurance for condominiums involves individual unit owner policies and a master policy covering common elements.",
  "url": "https://mlchart.com/terminology/insurance/condominium/"
}