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 ?
In the parlance of condominiums, the nuclear option is triggered when a condominium association - which has tried every method available to collect overdue monthly condo dues - forecloses on one of their own members.
Our years of onsite management experience will enable us to help Fountain Terrace and its condominium association operate as smoothly and efficiently as possible.
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.
The Cottages at Greenland Condominium Association is a 160-unit condominium community in Mandarin.
A Fitchburg man who was the former property manager at a Waltham condominium association has been indicted for his role in a scheme to steal more than $350,000 from the association with his ex-wife, according to Middlesex District Attorney Gerard T.
In 2014 gross written premium was over $900 million comprised of approximately $600 million of E&S commercial property and over $300 million of admitted Florida condominium association business.
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).
Bygel, Villas on the Green Condominium Association, Inc.
Department of Housing and Urban Development (HUD) announced today it has ordered Castillo Condominium Association, in San Juan, Puerto Rico, to pay $20,000 in damages plus a $16,000 civil penalty after finding that the association violated the Fair Housing Act when it refused to allow a resident with disabilities to keep his emotional support animal.
So we simply shake our heads at news that yet another condominium association is giving yet another patriotic resident a hard time over displaying an American flag from his window.
The Wyman case involved claims by a condominium association against the condominium developer for various construction defects, including with respect to windows, the exterior brick masonry facade, and the roof.