A condominium is a form of housing in which there is joint ownership of real property. All the partners commonly own some portions and other portions are individually owned. Often, the property consists of units in the form of apartments that are individually owned, while the common areas such as recreational areas are jointly owned. People may have timeshares in condo hotels or condos. The only difference between a condo and a condo hotel is the price. The prices of condos are less than those of condo hotels. A condo hotel may be either an individual room or a...