condominium
🇺🇸
/ˌkɑːndəˈmɪniəm/
🇬🇧
/ˌkɒndəˈmɪniəm/
A type of housing where each unit is owned by an individual, but common areas like hallways and gardens are shared and owned by all the owners.
John and Jane bought a condominium in the city, which has a beautiful garden that all the residents can enjoy.