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condominium |
Also found in: Medical, Legal, Financial, Wikipedia, Hutchinson | 0.03 sec. |
condominiumIn modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. This type of ownership has been present in Europe since the end of the Middle Ages; in the U.S. it dates to the latter half of the 19th century and has been popular in crowded urban areas. An alternative to the condominium is the cooperative, in which residents own a share of a corporation, with each share entitling the owner to reside in a particular unit in the building. condominium Politics 1. joint rule or sovereignty 2. a country ruled by two or more foreign powers How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Rankin previously held residential management positions with Hudson River Property Management and Riva Pointe Condominium Association. Sources said the idea was to have the condominium association perhaps build a pocket park there while Witte suggested that development of the lot could at best be "a small number of villas" that would be part of an extension of the adjacent Century Woods condominiums. Holden insisted that even though he has owned a condominium for 11 years in Marina Del Rey -- and was recently elected to the board of the condominium association there -- he lived within the boundaries of his South Los Angeles district during the years he served on the City Council. |
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