A building with two or more apartments which is registered in the Condominium Registry which is part of the Real Property Registry. The entity which manages the common property of the tenants (stairwells, elevators, gyms and pools) is condominium representatives, better known as “the condominium committee.” Each tenant is responsible for covering their share of the expenses, relative to their share of area of common property. Management of the condominium is governed by bylaws which constitute a kind of agreement between the owners of apartments in the condominium.
What is a condominium? Posted on November 3, 2014