Can you permanently live in a condo?

Yes, you can permanently live in a condo — many people do! 🏙️

A condo (condominium) is real property that you own, not rent, so you can live there as long as you want—just like owning a house. The only difference is that:

• You own your individual unit,
• But you share ownership of common areas (like the lobby, gym, or pool) with other residents,
• And you’ll usually pay monthly HOA fees (Homeowners Association) for maintenance and building upkeep.

Related: Is it harder to get a mortgage for a condo?

So as long as you keep up with your mortgage (if you have one) and pay your HOA dues, you can live there for life.