condominium

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condominium

Politics
1. joint rule or sovereignty
2. a country ruled by two or more foreign powers

Condominium

An apartment house, office building or other multiple-unit complex; the units are individually owned, and there is joint ownership of common elements such as hallways, elevators, and all mechanical systems.

Condominium

 

according to states’ law, a joint ownership, that is, joint sovereignty over a territory by two or more states. Historically, the condominium was established to eliminate conflicts between states laying claim to one and the same territory. For instance, according to an act of the Congress of Vienna of 1814–15 and of a special treaty in 1816, a condominium was established over Moresnet, since Prussia and Belgium could not agree on the frontier of this borderland between them. Andorra and several islands in the Bidassoa River are condominiums of France and Spain. A condominium may also be established over expanses of water (for example, the condominium over the Gulf of Fonseca and the Gulf of San Juan).

A condominium should be distinguished from a coimperium —a joint rule over an alien territory (for example, the joint rule of Great Britain, France, and Spain over Tangier in the 20th century).

condominium

A form of real estate ownership of a multifamily residential dwelling. Each occupant has 100% ownership of his own apartment and partial ownership of common elements such as hallways, elevators, plumbing, etc. Also see cooperative.
References in periodicals archive ?
8) The practical result of strict interpretation of the LCA and condominium documents is often severe, with detrimental effects on either the ability of a unit owner to use and enjoy his or her property, or the ability of a condominium association to maintain the use and enjoyment of common facilities for other unit owners.
We are grateful for the expert manner by which Popular Community Bank guided us since day one to move our renovation plans forward," said Mato Colak, President of the Roney Palace Condominium Association.
Even a partial assignment may confer certain rights such as the ability to transfer units without affording the condominium association a right of first refusal.
However, a condominium association cannot merely adopt a neutral policy and proceed to apply it mechanically to everyone.
Rampart provides quality and innovation in community management to condominium associations, homeowner associations, cooperatives and developers.
HUD's Order modifies a previous HUD Administrative Law Judge decision that ordered Castillo Condominium Association to pay only $3,000 in emotional distress damages and a $2,000 civil penalty.
There are not any statistics available on condominium associations using the nuclear option, because no one tracks foreclosures levied by a condominium association against one of its members.
The first factor is that unit owners, usually neighbors, are the decisionmakers for their condominium association after the developer departs the community.
The firm concentrates in real estate litigation, homeowner and condominium association litigation, landlord/tenant disputes, commercial litigation, and medical malpractice.
The Pickawillany Condominium Association, a 193-unit townhome and garden community built in 1973 in Columbus, Ohio, is one association that was successful in obtaining financing for its major repair work.
Mid-Atlantic Management Corporation, an Associa company, proudly congratulates Jill Geiger, Community Manager for Morgandale Condominium Association, who recently earned the Professional Community Association Manager (PCAM) designation from the Community Associations Institute (CAI).
Bids shall be submitted to: Quincy Park Condominium Association 1592 Quaker Lane Prospect Heights, Illinois 60070 Attention: Darlene Ahlstedt Bid Due Date: May 15, 2014 at 11:00 AM No bids may be withdrawn for a period of 30 days after the bid opening date.