What is a site condominium?

A site condominium is defined as a form of ownership where individual units are typically detached single-family dwellings, but they are legally classified as condominiums. In this arrangement, each owner holds a title to their individual unit and a share in the common areas of the property, such as roads or recreational facilities. This structure allows for the benefits of condominium ownership, such as shared maintenance responsibilities and common amenities, while also providing the characteristics of a standalone home.

The characteristics of a site condominium distinguish it from other types of condominiums, which may involve multi-family units or high-rise buildings, and may include restrictions on outdoor space. The focus on detached units as condominiums emphasizes ownership style rather than the physical configuration of the properties. This flexibility in property type is a significant aspect of site condominiums, making option C the most accurate definition.