A condominium is a single unit of real estate—usually a home or residence—in a multi-unit residential development in which each owner of a unit has both a separate ownership interest (often everything inside the front door)—and a common ownership interest (with other unit owners) in the common areas of the property outside the front door—such as roofs, hallways, driveways, walkways, stairways, stucco, brick, paint, stone, and landscaping.

A condominium development is usually governed by a homeowners’ association (HOA) through its board of directors, elected by the homeowners as provided by the HOA’s declaration and bylaws. Unit owners or homeowners in the association are required to pay monthly HOA dues for the maintenance and repair of the common areas of the property and its insurance.

In Florida, condominiums are regulated under the Florida Condominium Act (Chapter 718 of the Florida Statutes). This law outlines the creation, operation, and management of condominium associations. Each unit owner has an individual ownership interest in their unit and a shared interest in the common elements of the property. The condominium association, typically managed by a board of directors elected by the unit owners, is responsible for the upkeep of these common areas. The association's declaration and bylaws, which must comply with state law, govern the rights and responsibilities of the unit owners, including the payment of monthly dues for maintenance, repair, and insurance of common areas. These regulations ensure that the shared property is properly managed and maintained, and they provide a framework for resolving disputes among unit owners or between unit owners and the association.