A Practice Note providing an overview of common types of condominiums and the major steps to consider when forming a condominium. Though state and local laws where the condominium is located govern the creation of a condominium, this Practice Note provides guidance helpful in all jurisdictions. This Note discusses condominium declarations and surveys, establishment of the condominium association, initial operation and management of the condominium, creation of the first year's budget, transition of control of the condominium board or association from the developer to unit owners, lender requirements, and the applicability of the Interstate Land Sales Full Disclosure Act.