A condominium is a type of real property ownership structure that involves multiple owners. A specified part (unit) of real estate is individually owned, while all of the condominium unit owners collectively own the building, common areas and land.
A condominium property is governed by an association of unit owners, which appoints a board of directors to manage the association and operate the property alongside a property management company.
Trimark provides property management and association governance services for commercial condominiums such as office buildings, medical buildings, retail centers, and warehouse properties. Effectively managing and governing a commercial condominium can be very challenging, and requires specific knowledge and skills.