### Question
How does INTERSTATE LAND SALES define condominium unit?


### Answer
Under *15 U.S.C. § 1702*, **condominium unit** is defined as:

> a unit of residential or commercial property to be designated for separate ownership pursuant to a condominium plan or declaration provided that upon conveyance—


(1) the owner of such unit will have sole ownership of the unit and an undivided interest in the common elements appurtenant to the unit

#### Citation:
  - *15 U.S.C. § 1702*
  - Heading: **CHAPTER 42-INTERSTATE LAND SALES**

