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A condominium lease agreement is a legally binding document between a condominium unit owner and a tenant. It outlines the tenant's obligation to comply with the condominium association's rules and their rights to access communal facilities and privileges, unless specified otherwise in the agreement. Both the owner and tenant have similar landlord-tenant rights as with other residential properties. A condominium consists of individual units sharing rights to common areas, often seen in urban high-rises. Each owner pays association fees for property maintenance and management expenses.