condominium

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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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condominium

joint ownership. The term has come to describe a flat held in this way, especially in the USA.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
If the board of a condominium association receives such a petition, it should consult with counsel immediately.
A Country Place Condominium Association, the court found "inequitable features" in the association's rules.
In putting together coverage for the condominium association, three sets of documents provide the basis for the scope and extent of coverage.
"A condominium association, cooperative association, or residential real estate management association may not adopt or enforce any policy, or enter into any agreement, that would restrict or prevent a member of the association from displaying the flag of the United States on residential property within the association with respect to which such member has a separate ownership interest or a right to exclusive possession or use.''
The Appeals Court recognized that the integrated products concept is an unsettled area of law in Massachusetts, but rather than render a decision on the applicability of this concept, it simply held that the economic loss rule as a whole does not apply in the context of a condominium project when the condominium association would otherwise lack a remedy and the damages are reasonably determinable.
The condominium association should pass an amendment to the current condominium declaration as follows: "The definition of 'Owner' is hereby amended to read as follows: 'Owner' shall mean the titleholder of record or, in the event that the titleholder of record differs from the reversion-holder, the holder of the reversion." Given that many associations are currently passing amendments for other, more pressing, reasons, it seems likely that this simple change should face little opposition.
"The chorus of criticism of the condominium association and the expressions of support for our client not only provided Ms.
Peter has sent twelve letters to the condominium association, the tenant, and the unit owner complaining of unreasonable noises and other disturbances coming from unit 401, but to no avail.
The couple owned a condominium unit in a building in which all of the owners belonged to a condominium association that operated and maintained the common property.
The most common (61 percent) is the condominium association. These are most commonly multi-family, multi-story buildings where the residents own their individual apartments plus an undivided interest in the common areas (lobby, elevators, hallways, pool, garage, etc.).
A fifty-one-year-old grandmother in Santa Ana, California, received a citation from her condominium association for allegedly violating one of the association's rules.
Nationwide Energy Partners (NEP) has partnered with the New Albany Park Condominium Association on a project to help develop a 25kW solar energy system within their condo community, the company said.