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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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
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For earlier antecedents of the horizontal subdivision of buildings, see Van Der Merwe, European Condominium Law, supra note 6 at 9-24; Lehavi, Private Communities, supra note 2; Rebecca Leshinsky & Clare M Mouat, "Towards Better Recognising 'Community' in Multi-Owned Property Law and Living" (2015) 8:4 Intl J Housing Markets & Analysis 484.
HIGH-RISE RESIDENTIAL CONDOMINIUMS AND THE TRANSFORMATION OF PRIVATE PROPERTY GOVERNANCE
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Understanding the dynamics of condominium law and the Louisiana Condominium Act requires an understanding of basic terms used throughout the LCA and this comment:
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New strata law "boosts fm business, leads to better buildings"
He will continue to focus his practice in areas of real property, land use, development, and condominium law.
Dworkin, Swanson join Belcher Swanson Law Firm

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