This is the 10355th most frequent Spanish word.
condominio
Condominio: Condominium; a building or complex with individually owned units and shared common areas.
In this context, 'condominio' refers to a residential building or complex that contains apartments or units owned individually, along with shared common spaces.
El condominio en el que vivimos tiene muchas áreas comunes.
The condominium where we live has many common areas.
Here, 'condominio' is used to refer to an individual apartment or unit within a condominium complex that is owned rather than rented.
Compramos un condominio en la ciudad para estar más cerca del trabajo.
We bought a condominium in the city to be closer to work.
In this sentence, 'condominio' refers to the overall building or estate inclusive of its rules and regulations applicable to its residents.