What distinguishes a condominium from a single-family home?

The defining characteristic of a condominium is that it consists of individual units within a larger complex. This structure allows residents to own their specific unit while sharing ownership of common areas, such as hallways, pools, and gyms, with other condominium owners. This ownership model contrasts with a single-family home, where the owner has complete ownership of the entire property, including the land and any attached structures.

The option mentioning that condominiums are often located in rural areas does not accurately reflect the typical settings for condos, which can be found in urban, suburban, and rural locations. The assertion that condos typically have detached garages is not a distinguishing feature, as many condos may not include garages at all. Lastly, the notion that condos are more expensive than single-family homes is not universally true; pricing can vary based on location, size, and amenities, making this a misleading comparison. Thus, the key aspect that makes a condominium distinct is its arrangement as individual units within a larger complex.