condominium
con·do·min·i·um /ˌkän-də-'mi-nē-əm/ n pl -ums [New Latin, joint dominion, from Latin com - with, together + dominium rule, ownership]
1: ownership of real property that is characterized by separate ownership of portions of the property (as units in an apartment building) and undivided or joint ownership of the remainder (as the common areas of an apartment building)
the conversion of real property to the condominium form of ownershipTroy Ltd. v. Renna, 727 F.2d 287 (1984) compare cooperative
2: real property (as an apartment or building) having condominium ownership
a two-bedroom condominium

Merriam-Webster’s Dictionary of Law. . 1996.

condominium
n.
A kind of dwelling arrangement in which individuals own separate units in a multi-unit complex and all owners share common facilities and areas. See also cooperative

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


condominium
joint ownership. The term has come to describe a flat held in this way, especially in the USA.

Collins dictionary of law. . 2001.


condominium
A type of real property ownership in which each owner holds title to his or her individual unit and shares ownership jointly of common areas such as driveways, parking, elevators, outside hallways, and recreation and landscaped areas. A homeowners' association typically manages the common areas and oversees the covenants, conditions, and restrictions (CC&Rs) that apply to the property. Condominiums are often referred to as a common interest development.
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.


condominium
n. An individual residential or commercial unit in a multi-unit building wherein each unit's owner also owns the common areas, such as the hallways and elevators, as a tenant in common with the other units' owners.
See also cooperative.

Webster's New World Law Dictionary. . 2000.

condominium
n.
   title to a unit of real property which, in reality, is the airspace which an apartment, office or store occupies. An increasingly common form of property title in a multi-unit project, condominiums actually date back to ancient Rome, hence the Latin name. The owner of the condominium also owns a common tenancy with owners of other units in the common area, which includes all the driveways, parking, elevators, outside hallways, recreation and landscaped areas, which are managed by a homeowners' or tenant's association. If the condominium unit is destroyed by fire or other disaster, the owner has the right to rebuild in his/her airspace. Most states have adopted statutes to cover special issues involving development, construction, management and taxation of condominium projects.
   See also: common area

Law dictionary. . 2013.

Look at other dictionaries:

  • CONDOMINIUM — Régime d’un territoire soumis à la souveraineté de deux ou de plusieurs États qui exercent en commun les compétences étatiques normalement dévolues à un seul. Prenant généralement naissance dans la rivalité de deux ou de plusieurs États à propos… …   Encyclopédie Universelle

  • condominium — con‧do‧min‧i‧um [ˌkɒndəˈmɪniəm ǁ ˌkɑːn ] also con‧do [ˈkɒndəʊ ǁ ˈkɑːndoʊ] noun [countable] PROPERTY an apartment in a building with several apartments, each of which is owned by the people living in it, or the apartment building itself * * *… …   Financial and business terms

  • condominium — n. 1. one of the units in a condominium[2]. Syn: condo. [WordNet 1.5] 2. a complex of dwelling units (as an apartment house) in which each unit is individually owned (as contrasted with rented). [WordNet 1.5] …   The Collaborative International Dictionary of English

  • Condominium —   [lateinisch] das, s/...ni |en, Kondominium, die auf einer einvernehmlichen Grundlage beruhende gemeinsame Ausübung der Gebietshoheit über ein Territorium durch zwei oder mehrere Staaten; z. B. das preußisch österreichische Condominium über… …   Universal-Lexikon

  • condominium — ► NOUN (pl. condominiums) 1) the joint control of a state s affairs by other states. 2) N. Amer. a building or complex containing a number of individually owned flats or houses. 3) N. Amer. a flat or house in a condominium. ORIGIN Latin, from con …   English terms dictionary

  • Condominĭum — (lat.). Eigenthum was Mehreren[350] an einer Sache so zusteht, daß Jeder einen ideellen Antheil hat; Condomĭnus, Miteigenthümer; Condomināt, die Gesammtherrschaft mehrerer Gebieter in einem Landestheile, einer Stadt etc., s.… …   Pierer's Universal-Lexikon

  • Condominĭum — (lat.), Miteigentum, das Eigentum, das mehreren ungeteilt an einer Sache zusteht. So besteht zwischen Belgien und Preußen ungeteilte Mitherrschaft an Neutral Moresnet (vgl. Schröder, Aachen 1902). Von 1889–99 bestand zwischen Deutschland, England …   Meyers Großes Konversations-Lexikon

  • Condominium — Condominĭum (lat.), Miteigentum mehrerer an einer Sache. Kondomināt, Gesamtherrschaft mehrerer Gebieter über ein Land oder einen Landesteil …   Kleines Konversations-Lexikon

  • Condominium — Condominium, Miteigenthum, bald im Sinne von Communio, bald als Gesammteigenthum von Markgenossen, Mitherrschaft; condominial, was sich auf das C. bezieht …   Herders Conversations-Lexikon

  • condominium — CONDOMÍNIUM s.n. v. condominiu. Trimis de LauraGellner, 12.02.2008. Sursa: DN …   Dicționar Român

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