Apartment Owners

Apartment owners are individuals or entities that hold legal ownership rights to a specific apartment within a multi-unit building. They have the authority to occupy, rent out, or sell their apartment, and typically share responsibilities for common areas like hallways, elevators, and amenities through a homeowners’ association or similar body. Their ownership includes both the private living space and a share of the building’s communal aspects, governed by rules and agreements to maintain the property’s value and functionality. Essentially, apartment owners are responsible for their unit while contributing to the management and upkeep of the entire building.