condominium

(redirected from Condominium law)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial.

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 particular freedom of peasant, far from being opposed to the public authority of the community, is founded directly on condominium law that gives its meaning and sense.
I had asked a question on one of the Facebook pages I subscribe to about how international renters/owners think about Turkish condominium law rules?
Florida condominium law "defines a developer as any person or entity that sells or leases condominium units in the ordinary course of business.
There are ways to minimize and avoid these liabilities, but the lender must engage in planning in advance of the foreclosure with counsel familiar with condominium law applicable to the project and be willing to trade post-fore-closure flexibility for increased insulation from liability.
Sultan Butti bin Mujrin, Director of Dubai Land Department, said the move was in accordance with the condominium law No.
In recent years, though, the understanding and management of condominiums has become more sophisticated and condominium law has matured.
Dubai has already issued the region's first strata management law - the Dubai Condominium Law No.
New strata law "boosts fm business, leads to better buildings" Facilities management newcomer capitalises on new legislation; FM Expo spotlights UAE FM market worth US$704 billion in next 25 years The UAE's facilities management market, estimated to be worth US$704 billion over the next 25 years, has been given a fresh boost by the recently expanded Strata or condominium Law, and will result in higher quality, better managed buildings, a new name in the FM business says.
He will continue to focus his practice in areas of real property, land use, development, and condominium law.
In order to investigate how people behave and act in groups when pursuing common goals, Orban takes as a case study Hungarian residential condominiums, which can be regarded as loose communities based on their adherence to the externally defined Condominium Law.
Thomson West (Eagan, MN) has published "Ohio Condominium Law," a handbook that offers an examination of condominium law that is specifically tailored for the numerous differences of Ohio statutes from the uniform act that has been adopted by many other states.
Partner Donald Clark practices exclusively in the areas of construction, surety, lien, insurance and condominium law.