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According to the State of Michigan's Condominium Buyer's Guide: The term site condominium is used to describe a condominium development with. single-family detached housing instead of two or more housing units in one structure.. Other states may have different definitions.
What is a condo? A condo is a collection of units where the owner owns the interior walls of the unit, and an association of owners maintains the exterior of the property. For this service, every owner in the unit will pay a âcondo feeâ which is used to pay for the maintenance of exterior portions of the home.