condominium


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condominium

Politics
1. joint rule or sovereignty
2. a country ruled by two or more foreign powers
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

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.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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).

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.

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.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
Unless authorized by the affirmative vote of all stockholders or members, a condominium corporation shall not, during its existence, sell, exchange, lease, or otherwise dispose of the common areas owned or held by it in the condominium.
Section 10(c) of the Illinois Condominium Property Act addresses this issue.
In other words, if the payments are to be used for the maintenance and upkeep of condominium facilities and to raise the quality of life of the condominium occupants, they do not form part of the income of the condominium corporation.
Based on his extensive experiences in global real estate businesses, Goos raised several types of condominium business model that awakens many Cambodians who have expected only a single type exist.
This comment argues that the Louisiana Condominium Act should be amended.
New York State law requires that at least 15% of a condominium's units be sold before its offering plan can be declared as an effective condominium in a filing to the New York State Attorney General's office.
After this decision, the Commissioner's office also published a question and answer sheet for condominium owners and corporations about how the privacy legislation applies to condominiums (www.psp.gov.
A little farther south, in Sunny Isles, Richard Lamondin's Cornerstone Premier Communities is developing La Perla, a 42-story glass structure with 326 condominiums starting at $400,000.
The $4.5-million, four-storey, 32-unit condominium building is slated for completion by Dec.
Under a contract of lease, the owner binds himself to allow you to enjoy or use his condominium unit for a price certain and for a period which may or may not be definite.
In the current environment, conversion of buildings to the condominium form of ownership continues in New York, but for completely different purposes.