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)

condominium

joint ownership. The term has come to describe a flat held in this way, especially in the USA.
References in periodicals archive ?
For the status of the natives of a condominial territory, see Vincent P Bantz, 'The International Legal Status of Condominia' (1998-2000) 12 Florida Journal of International Law 77, 133.
A titulacao nao se reveste, pois, do carater condominial previsto nos artigos 1.314 e seguintes do Codigo Civil, nomeadamente, o artigo 1.320 e respectivos paragrafos, que estipulam a licitude da divisao da coisa comum e o prazo maximo de cinco anos para a permanencia da indivisao.
This opens up a variety of "futurible" scenarios for the emerging East Asian regional order: a hegemonic model (whether Sino-centric or U.S.-centric); an intraregional bipolar balance-of-power model (Sino-Japanese); a multipolar "concert of powers" condominial model; a collective security model; an Asia-Pacific or East Asian economic community model; and a pluralistic security community model.
Condominial pathways from the Jordan to the Mediterranean shall be established.