What distinguishes condominium ownership from traditional home ownership?

Condominium ownership is characterized by the ownership of a specific individual unit within a larger property, coupled with shared ownership of common areas and facilities. This model is fundamentally different from traditional home ownership, where an individual owns both the building and the land it occupies.

By choosing option C, it highlights that in a condominium setup, the owner has title to their individual unit, while also being part of a collective ownership structure that encompasses shared amenities such as hallways, gardens, pools, and other community facilities. This collaborative aspect is crucial in creating a community atmosphere and often comes with shared responsibilities, such as maintenance or management costs.

The option that states condominium ownership includes no shared spaces misrepresents the very essence of condominiums, where shared amenities are a defining characteristic. The notion of full independent property rights is also not entirely accurate because condominium owners do have to adhere to community rules and regulations dictated by the condominium corporation, which can limit some aspects of owner autonomy. Lastly, the presence of association fees is typical in condominium ownership to cover common maintenance and amenities, making the assertion of having no fees incorrect.