A conventional condominium is a type of property ownership where individuals own individual units within a multi-unit building or complex, and share responsibility for the maintenance and upkeep of common areas. You will not use Real Property Report to sell one, instead the condominium plan will be used in its place. 

A conventional condominium typically includes apartments, townhouses, or stacked townhouses, and the common areas can include hallways, elevators, recreational facilities, and other shared spaces. The owners of conventional condominiums share the cost of maintaining and operating these common areas through the payment of monthly or annual condominium fees.

Owners of conventional condominiums also have shared responsibility for the management and maintenance of the building and common areas, which is typically governed by a condominium corporation. The condominium corporation is made up of elected representatives from the owners and is responsible for making decisions about the property, enforcing the rules and regulations set out in the condominium bylaws, and ensuring the financial stability of the property.

In Canada, conventional condominiums are governed by the laws of each province, so the rules and regulations may vary depending on location. In Alberta, conventional condominiums are governed by the Condominium Property Act.

See Bareland Condominium