A condominium is a single unit of real estate—usually a home or residence—in a multi-unit residential development in which each owner of a unit has both a separate ownership interest (often everything inside the front door)—and a common ownership interest (with other unit owners) in the common areas of the property outside the front door—such as roofs, hallways, driveways, walkways, stairways, stucco, brick, paint, stone, and landscaping.

A condominium development is usually governed by a homeowners’ association (HOA) through its board of directors, elected by the homeowners as provided by the HOA’s declaration and bylaws. Unit owners or homeowners in the association are required to pay monthly HOA dues for the maintenance and repair of the common areas of the property and its insurance.

In Mississippi, condominiums are governed by the Mississippi Condominium Law, which is found in Title 89, Chapter 9 of the Mississippi Code. This law outlines the creation, management, and dissolution of condominiums. Each condominium unit owner has an individual ownership interest in their unit and a shared interest in the common areas, such as lobbies, gardens, and other amenities. The homeowners' association (HOA) manages these common areas through its board of directors, which is elected by the unit owners. The HOA is responsible for the enforcement of the rules and regulations set forth in its declaration and bylaws. Unit owners are typically required to pay monthly dues to the HOA for the upkeep, maintenance, and insurance of the common areas. These regulations ensure that the property is well-maintained and that the rights and responsibilities of individual unit owners and the collective are clearly defined and upheld.