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condominium
(redirected from Detached condo)

   Also found in: Medical, Financial, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.

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)



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Symbolic of the debate are 48 detached condos on Las Virgenes Road built by Shea Homes and known as the Colony at Calabasas.
Their 14-unit detached condo project Roxford Village sold out in a couple of weeks.
The most contentious - a group of roughly 150 detached condos planned on nearly 20 acres near the railroad tracks along Soledad Canyon Road, between Langside Avenue and Camp Plenty Road - was approved by a vote of 4-1 after debate about whether the project was in the public's interest.
 
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