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 Oklahoma, condominiums are regulated under the Oklahoma Unit Ownership Estate Act. This act allows for the ownership of individual units within a larger property, where each unit owner has exclusive ownership of their unit and a shared interest in the common areas such as roofs, hallways, and landscaping. The common areas are maintained through a homeowners' association (HOA), which is governed by a board of directors elected by the unit owners. The HOA is established according to a declaration and bylaws, which set forth the rules for the management of the condominium and the responsibilities of the unit owners. These responsibilities typically include the payment of monthly dues to cover the costs of maintaining, repairing, and insuring the common areas. The act and the governing documents of the HOA provide the framework for the operation of the condominium and the rights and obligations of the unit owners.