condominium

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

condominium

n. title to a unit of real property which, in reality, is the air space which an apartment, office or store occupies. An increasingly common form of property title in a multi-unit project, condominiums actually date back to ancient Rome, hence the Latin name. The owner of the condominium also owns a common tenancy with owners of other units in the common area, which includes all the driveways, parking, elevators, outside hallways, recreation and landscaped areas, which are managed by a homeowners' or tenants association. If the condominium unit is destroyed by fire or other disaster, the owner has the right to rebuild in his/her airspace. Most states have adopted statutes to cover special issues involving development, construction, management and taxation of condominium projects. (See: common area)

condominium

joint ownership. The term has come to describe a flat held in this way, especially in the USA.
References in periodicals archive ?
He is a coauthor of Florida Condominium Law and Practice (1982) and regularly lectures at the Institute on Condominium and Cluster Developments presented by the University of Miami School of Law.
Talel is the current chair of The New York City Bar Association's Cooperative and Condominium Law Committee for 2007 - 2010.
Greenstein--cooperative housing law, condominium law, real estate; Elizabeth D.
NEW YORK -- Wolf Haldenstein Adler Freeman & Herz LLP, one of New York City's most reputable and long-established law firms, is pleased to announce that partners Jeffrey Reich, Steven Sladkus and Lisa Smith have been named Co-Chairs of the firm's vibrant Real-Estate Practice with an emphasis on cooperative and condominium law.
He has spoken on community association issues to audiences at the Community Association Institute of Broward County, Florida Bar Continuing Legal Education Seminars, Nova University's Law School and numerous civic associations in Broward, Palm Beach and Martin Counties and will be teaching a course on Condominium Law at Nova University's Shepard Broad Law Center this year.
The second seminar in the series, Condominium Law in New York State, will furnish participants with an understanding of the essential condominium documents, common elements and expenses, and the powers of the Board of Managers and the obligations of unit owners.
A noted author and lecturer, Richardson has written numerous articles in business and trade publications on condominium law.
Greenstein - cooperative housing law, condominium law, real estate - Elizabeth D.
Ranked in the top five of New York's most active cooperative and condominium law firms, Starr Associates LLP serves as general counsel to the Association of Cooperative and Condominium Managers, a professional organization of residential property management firms in the New York metropolitan area.
Mollengarden, whose 20 year law practice has focused exclusively on condominium law, played an integral role in guiding the condominium association through the technicalities of the Florida Condominium Act, shepherding the unit owners through the meetings and necessary voting procedures required to approve for sale, and ultimately terminate the condominium.
Founded in the late 1970s, the firm offers assistance in the areas of condominium law, timeshare law, real estate development, commercial litigation, corporate law, tax law, administrative law, estate planning and probate and personal injury law for clients throughout Florida, the nation and the world.
Reich specializes in real estate finance, commercial leasing, and cooperative/ condominium law.