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condominium
(redirected from condo)

    Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia, Hutchinson 0.05 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.
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lion was financed by CPC for the new construction of a 5-story building, which will result in 18 condos in Park Slope.
Community Preservation Corporation (CPC) by Real Estate Weekly
But landlords and developers said the proposed relocation fees are too high, don't take into account tenants' incomes or length of residency and could be levied even if a planned condo conversion never goes through.
L.A. CONDO RULES CLOSER TO APPROVAL STILL UNCLEAR IS THE ISSUE OF ... by Daily News (Los Angeles, CA)
KB is so far along with AEG on the hotel and condo project that it is unlikely that it will be cancelled," said Steve Fifield, president and founder of Fifield Cos.
KB Urban project draws attention after CEO's exit by Miller, Daniel / Los Angeles Business Journal
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