Editing Condominium (section)

=== Hungary ===
{{More citations needed section|date=November 2022}}
[[File:Társasház alaprajza (részlet).jpg|thumb|Floor plan of a condo - Andrássy avenue, Budapest]]
Condominiums are a very common form of real estate ownership in contemporary Hungary, as most state- or municipality-owned apartments were privatized following the [[end of socialism in Hungary]] in 1989. Historically, condominiums ({{langx|hu|társasház}}) were formalized as a legal ownership structure as early as 1924.

Condominiums in Hungary are traded and mortgaged on the same market as any free-standing single-family home ({{langx|hu|kertesház}}; "garden-house"), and are treated much like other forms of real estate. The condominium acts as a non-profit legal entity maintaining the common areas of the property, and is managed by a representative ({{langx|hu|közös képviselő}}) elected by the owners' convention. Historically, this representative was one of the owners themselves; in the 21st century, however, the owners' convention typically hires a professional building manager who does not personally live in the building. Decisions that involve changes to the terms and conditions, or larger common expenses, still need to be approved by the convention, however. Voting power is based on the percentage of property owned.<ref>{{Cite web|url=https://legislation.mt/eli/bill/1997/12/eng/pdf|title=LEĠIŻLAZZJONI MALTA|website=legislation.mt}}</ref>