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condominium
(redirected from Condominum)

   Also found in: Medical, Legal, Financial, Wikipedia, Hutchinson 0.46 sec.

condominium

In 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


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2875 million loan for a 3-unit commercial condominum on 291-293 7th Ave.
More than five years after Foreman began looking, she became the owner of a $155,000, three-bedroom, two-bathroom condominum at 62nd and Dorchester in Woodlawn.
95 million first mortgage loan for the refinance of 15 unsold, luxury hotel condominum units located in Ft.
 
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