A “Condo” in short of the word Condominium is real estate separately owned surrounded by common areas that are jointly owned. There are several different types of condominiums. For example, low-rise and high-rise condo complexes some with common grounds and others located in urban settings. A townhouse condo complex consists of semi-detached homes with common grounds. What is very attractive to these types of residential properties is that the owner need not deal with mowing the grass, landscaping, maintenance and repair issues to the exterior of the units and common areas. Millennials and Investors like them as well because of this type of deferred maintenance and repairs.