Who is referred to as the owner or developer of a condo?

The term that refers to the owner or developer of a condo is "condo sponsor." A condo sponsor is responsible for the creation and initial marketing of a condominium project. This entity is typically involved in the development process, financing, and sometimes the management of the property before transferring control to the condo association or homeowners.

In the context of real estate, understanding the role of the condo sponsor is essential for potential buyers and real estate professionals, as this entity sets the tone for the development and can dictate important factors such as the quality of construction, amenities provided, and the overall governance structure of the condominium community. The condo sponsor's role is crucial in the initial stages of condo projects, including outlining the rules and regulations that will govern the community.

Other terms like condo manager and property developer may sound relevant but do not accurately capture the role of the original entity responsible for the development. A condo manager typically handles the day-to-day operations and maintenance of the condo community, while a property developer can work on various types of real estate beyond just condominiums. The term “condo advisor,” while potentially associated with providing advice to investors or buyers, does not equate to ownership or development.