n. title to a unit of real property which, in reality, is the air...

c. 1714, "joint rule or sovereignty," from Modern Latin condominium "joint sovereignty," apparently coined in German c. 1700 from Latin com- "together" (see com-) + domin [..]

Individually-owned unit within a multi-unit development or complex, including an individual interest in the common areas and facilities used by the owners.

Condominium Declaration Condominium declaration is the document that, when recorded, creates a condominium.  It is also called a master deed.

A type of real property ownership in which each owner holds title to his or her individual unit and shares ownership jointly of common areas such as driveways, parking, elevators, outside hallways, an [..]

A development where individual units are owned, but common areas and amenities are shared equally by all owners.

Type of housing where buyers own their units outright, plus an undivided share, or joint ownership, in the common elements of the building or community.

A type of ownership in real property where all of the owners own the property, common areas and buildings together, with the exception of the interior of the unit to which they have title. Often mistakenly referred to as a type of construction or development, it actually refers to the type of ownership.

Definition A form of property ownership in which each owner holds title to his/her individual unit, plus a fractional interest in the common areas of the multi-unit project. Each owner pays taxes on h [..]

pl: -ums [New Latin, joint dominion, from Latin com- with, together + dominium rule, ownership] 1 : ownership of real property that is characterized by separate ownership of portions of the property . [..]

A form of property ownership in which the homeowner holds title to an individual dwelling unit and an interest in common areas and facilities of a multi-unit project.

a real estate project in which each unit owner has title to a unit in the project and sometimes undivided interest in the common areas.

A property where the land and common areas are owned jointly by group, and the individual owns the particular unit occupied. Learn more...

An individually owned unit within a multi-unit building where others or the Condominium Owners Association share ownership of common areas such as the grounds, the parking facilities and the tennis courts.

Individual ownership of a dwelling unit and an individual interest in the common areas and facilities which serve the multi-unit project.

It is a type of ownership in a real estate project, wherein each unit owner has a title to a unit in the building or property. He has an undivided interest in all common areas and in some the exclusiv [..]

Condominium is a form of housing where an individual own a space, but there is undivided interest over common facilities. In simple terms a condominium can be called on apartment.

(n) housing consisting of a complex of dwelling units (as an apartment house) in which each unit is individually owned(n) one of the dwelling units in a condominium

A development where individual units are owned, but common areas and amenities are shared equally by all owners.

A concept of apartment, office, or retail ownership which took hold in the USA in the 1960s, in which individual "unit owners" own the space they occupy and the "unit owners in common" collectively own the remainder of the buildings and grounds. All the unit owners are required to belong to the condominium association and share [..]

A building or group of buildings in which each unit owner has title to a specific unit. They may also have the exclusive use of certain common areas. See Also co-op.

That form of ownership of real property in which each unit owner has an undivided interest in common elements.

A form of ownership in which the owner has title to a housing unit and also owns a share in the common elements (such as elevators, hallways, and perhaps the land).

A concept of apartment, office, or retail ownership which took hold in the USA in the 1960s, in which individual "unit owners" own the space they occupy and the "unit owners in common" collectively own the remainder of the buildings and grounds. All the unit owners are required to belong to the condominium association and share [..]

"Condominium" means: (a) With respect to property located within this state: (A) The land, if any, whether fee simple, leasehold, easement or other interest or combination thereof, and wheth [..]

A real estate project in which each unit owner has title to a unit in a building, an undivided interest in the common areas of the project, and sometimes the exclusive use of certain limited common ar [..]

A system of separate ownership of individual units in a multiple-unit building.

A form of legal ownership of a building and property, consisting of two parts: The first part includes common property, such as roads, parking spaces, recreational facilities, elevators and lawns. Each owner owns a proportionate share of the common property. The second part, called a unit, is owned by and registered in the name of the purchaser of [..]

Ownership of a single unit in a multiunit building or complex of buildings. Along with this goes a share of ownership of the common areas.

A form of ownership of real property, wherein title to a particular unit is vested in an entity (i.e., an individual or couple), together with a proportionate interest in certain common areas. Title t [..]

Ownership of property whereby the owners hold negotiable title to their own unit and, at the same time, share with fellow owners the title and cost of operation of the balance of the property (common [..]

A real estate project in which each unit owner has title to a unit in a multi-unit building, an undivided interest in the common areas of the project, and sometimes the exclusive use of certain limited common areas.

A system of individual fee ownership of units in a multi-unit structure, combined with joint ownership of common areas of the structure and land.

An estate in real property consisting of an undivided interest in common in a portion of a parcel of real property together with a separate interest in space of residential, industrial or commercial b [..]

1. A form of fee ownership of separate units or portions of multi-unit buildings that provides for formal filing and recording of a divided interest in real property; 2. A multi-unit structure or property in which persons hold fee simple title to individual units and an undivided interest in common areas.