The Quiz: An individually owned unit in a building complex is known by what term?
Condominium
Duplex
On-suite
Convent
Condominiums, or condos, are essentially apartments that are owned instead of rented. People purchase individual units in a larger complex, controlling the space inside their condo and sharing ownership of community property like the floor, sidewalks, and stairwells. Condos are excellent ownership options for those living in crowded cities or for those who want the agency of homeownership without the responsibility of a lawn.
The correct answer to this quiz is Condominium.