When you purchase a condominium, you are purchasing a home. You are a “unit owner” and this idea might probably be new to you. Truth is, you purchased what you may call “some air space”. This is because, technically, what you bought is the air that is located between the perimeter walls, the ceilings, and the floors. In addition, the “real estate” that you bought and “own” as a tenant is owned in common by all the other tenants and “unit owners”. This comprises the building/s, this time the land that surround the air spaces, equivalent to the undivided percentages that are placed in the condominium declaration.