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 ?
The Condominium Concept offers the reader a practical analysis of the requirements of Florida's Condominium Act and the rules of the Division of Florida Condominiums, Timeshares, and Mobile Homes that govern condominium living.
Also distinctive to this development are two office condominiums with separate Park Avenue entrances, available exclusively to medical professionals.
Tokyo, Japan, Aug 18, 2005 - (JCN Newswire) - Meiwa Estate Company Limited (TSE: 8869), Fujitsu Limited (TSE: 6702), and Mitsuiwa Corporation today announced that Fujitsu's contactless palm vein authentication technology will be implemented for front entrance security using an auto-lock system, at Meiwa Estate's Clio Shonan-Chigasaki condominium scheduled to be newly constructed by March 2006 in the southwest region of metropolitan Tokyo.
The condominiums will be nestled among a forest of 100-foot Norway and White Pines, offering beautiful, panoramic views of the Wisconsin River.
In a year's time, De La Rosa will move her five children - two boys and three girls - into the newly built condominium on Gardena Avenue.
The Sixth Circuit, in Razavi, 74 F3d 125 (1996), rev'" TC Memo 1993-624, ruled that taxpayers who leased their condominium to a company that subleased it to third parties for 200 days could deduct their rental losses from the condominium even though they had personally used it for 27 days.
Related International plans to erect upscale condominiums and hotels in other tourist locations in Mexico, including Acapulco, Cabo San Lucas, Playa del Carmen and Zihuatanejo.
Currently, the monolithic bureau handles traditional securities as well as condominiums, cooperatives and homeowners associations.
May 5 marks the proclamation of Ontario's new Condominium Act.
Sales typically slow down in the year's final quarter since many families don't want to move during the school year, but a tight supply of product may also be stimulating interest in condominiums.
Although there were contractually created condominiums in effect prior to the enactment of Florida's condominium enabling legislation, condominiums currently are statutorily regulated in all 50 states and most foreign jurisdictions.