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 urban residential and commercial condominiums such as office buildings, medical buildings, retail centers, and warehouse properties. Effectively managing and governing a residential condominium can be very challenging, and requires specific knowledge and skills.