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 ?
Os que buscam "protecao" em relacao aos de fora do condominio, encontram-se submetidos a controles cruzados da vizinhanca e dos responsaveis pela administracao condominial, no entanto cooperacoes e relacoes se estabelecem entre os habitantes, diferentes comportamentos afloram e podem, em certas ocasioes, se semelhar aqueles dum bairro classico, lembrando-nos, aqui, de maneira incipiente, a tentativa de recriacao duma vida de bairro, contra aquilo que se poderia esperar de um condominio fechado.
En la ejecucion del Proyecto de Ampliacion de la Cobertura (Proyecto PAC), implementado por Sedapal y financiado por el Banco Mundial para dotar de los servicios de agua potable y alcantarillado a 144 asentamientos humanos de los distritos de San Juan de Miraflores, Villa Maria del Triunfo, Villa El Salvador, Surco y Chorrillos, la participacion de los dirigentes de la Junta Vecinal ha sido muy importante en cada una de las etapas del proyecto condominial (Sedapal, 2004).
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.