There are pros and cons to both renting and owning?
If you own you are responsible, as in this case, for any fines etc, you must pay the common fees and and other fees, as is is a condo? And of course you are stuck with it until you can find a buyer. But you could rent it out?
Renting, you can change condos easily, you are not tied down, but renting is 'lost' money at the end of the day?