A condominium is a large property complex divided into individual units and sold. In Alberta, condominium property is divided in to 10,000 shares known as Unit Factors. Based on the size of your unit and additional titled parking or storage exclusive use areas, your ownership out of 10,000 shares is assigned.
Say you own 155 shares out of 10,000. this is share responsibility used for determination of condo fees or future additional expenses responsibility. This determines that owners with larger properties ownership is responsible for greater portion of the expense.
Ownership usually includes a nonexclusive interest in certain "community property" controlled by the condominium management. Condominium management is usually made up of a board of unit owners who sees to the day-to-day operation of the complex, such as lawn maintenance and snow removal.