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condominium

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia, Hutchinson 0.07 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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Toll Brothers City Living and Halstead Property, LLC unveiled the on-site sales center and model apartment for North8 Condominiums in Williamsburg, Brooklyn at 199 Bedford Avenue.
Toll Brothers open sales center by Real Estate Weekly
In January, the median price of a condominium rose to $315,000, up 5 percent from 2004 and 72 percent from 2002, according to the Southland Regional Association of Realtors, in Van Nuys.
Condos crop up across valley as market soars, lawsuits ease by Garcia, Shelly / Los Angeles Business Journal
May 5 marks the proclamation of Ontario's new Condominium Act.
New condominium legislation in place by Northern Ontario Business
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