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Condominium Association

The entity made up of the unit owners responsible for the maintenance and operation of the following:

• Common elements owned in undivided shares by unit owners;
• Other real property in which the unit owners have use rights;

where membership in the entity is a required condition of unit ownership. Condominium Building. A type of building in the form of ownership in which each unit owner has an undivided interest in common elements of the building.

Glossary Section
NFIP - National Flood Insurance Program
Last updated Mar 5, 2020