condominiums

Definition of condominiums in English English dictionary: Fee ownership of individual units in a multifamily setting and a share of undivided interest in the common areas of the development; A condominium is a home in a shared building or development The buyer gets title the space inside the unit, shares the common areas with other unit owners and pays a maintenance fee to the condominium association to pay for needed maintenance, repairs and improvements to the property; (Condo) In condominium buildings the apartments are owned by the individual who buys it The owner has the right to do whatever they want with the apartment (within the guidelines of the board) If they decide to rent the apartment the rent is not regulated by anything more than what they can get for the apartment Condominiums can be sold without board approval and can be owned by Corporations There can be no underlying mortgage on a condominium building Monthly charges include RET (real estate taxes) and CC (carrying charges) Condominium apartments are usually smaller and more expensive than coops and the buildings usually have more amenities such as pool & health club
condominium: a building in which each unit is owned by an individual but the grounds, structure etc is owned jointly
condominium: joint sovereignty over a territory
condominium: the legal tenure involved
condominium: a unit or apartment in such a complex
condominium: Ownership - The individual outright ownership of a single unit in a multi-unit property together with an interest in the common elements of that property
condominium: housing consisting of a complex of dwelling units (as an apartment house) in which each unit is individually owned
condominium: A residential property with 2 or more units where each unit owner holds title to a unit and an undivided interest in the common areas of the project
condominium: A condominium is one of the privately owned apartments in a condominium. In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. This type of ownership has been present in Europe since the end of the Middle Ages; in the U.S. it dates to the latter half of the 19th century and has been popular in crowded urban areas. An alternative to the condominium is the cooperative, in which residents own a share of a corporation, with each share entitling the owner to reside in a particular unit in the building
condominium: An individually owned unit within a multi-unit building where others or the Condominium Owners Association share ownership of common areas such as the grounds, the parking facilities and the tennis courts
condominium: Type of dwelling where the structure is owned jointly while spaces within the structure are owned individually Special property and liability forms cover the interests of the condominium association and of unit owners
condominium: A form of property ownership in which the homeowner holds title to an individual dwelling unit, an undivided interest in common areas of a multi-unit project, and sometimes the exclusive use of certain limited common areas
condominium: housing consisting of a complex of dwelling units (as an apartment house) in which each unit is individually owned one of the dwelling units in a condominium
condominium: A form of property ownership in which the homeowner holds title to an individual dwelling unity plus an interest in common areas of a multi-unit project
condominium: Individual ownership of a dwelling unit and an individual interest in the common areas and facilities that serve the multi-unit project
condominium: Individual ownership of a dwelling unit and an individual interest in the common areas and facilities which serve the multi-unit project
condominium: A unit in a multiunit building The owner of a condominium unit owns the unit itself and has the right, along with other owners, to use the common areas but does not own the common elements such as the exterior walls, floors and ceilings or the structural systems outside of the unit; these are owned by the condominium association There are usually condominium association fees for maintenance for building and property upkeep, taxes and insurance on the common areas and reserves for improvements
condominium: The absolute ownership of an apartment or a unit (generally in a multi-unit building) based on a legal description of the airspace the unit actually occupies, plus an undivided interest in the ownership of the common elements, which are owned jointly with the other condominium unit owners
condominium: a form of ownership in which individuals purchase and own a unit of housing in a multi-unit complex; the owner also shares financial responsibility for common areas
condominium: A structure of two or more units, the interior space of which are individually owned; the balance of the property is owned in common by the owners of the individual units
condominium: one of the dwelling units in a condominium
condominium: A form of ownership where the dwelling units are individually owned and homeowners share ownership of common areas such as the grounds, the parking facilities and the tennis courts
condominium: Individual ownership of a portion of a building, with common areas shared by all owners Maintenance fees called "assessments" are paid to the condominium association to maintain, repair, or improve the property
condominium: A form of real estate ownership where the owner receives title to a particular unit and has a proportionate interest in certain common areas The unit itself is generally a separately owned space whose interior surfaces (walls, floors and ceilings) serve as its boundaries
condominium: A condominium is an apartment building in which each apartment is owned by the person who lives there
condominium: A real estate project in which each unit owner has title to a unit in a building, and undivided interest in the common areas of the project, and sometimes the exclusive use of certain limited common areas
condominium: A form of property ownership in which the homeowner holds title to an individual dwelling unit and a proportionate interest in common areas and facilities of a multi-unit project
condominium: An individually owned living unit that is part of a building with many such units As an owner of the condo, you typically have an ownership interest in the common areas of the complex, such as the land, parking facilities, recreation areas, and other common areas
condominium: A structure of two or more units, the interior space of which are individually owned: the balance of the property (both land and building) is owned in common by the owners of the individual units The size of each unit is measured from the interior surfaces (exclusive of paint or other finishes) of the exterior walls, floors, and ceiling The balance of the property is called the common area
condominium: {i} joint dominion over a territory; apartment building in which the apartments are individually owned; apartment in such a building
condominium: A real estate project in which each unit owner has title to a unit in a building, an undivided interest in the common areas of the project, and sometimes the exclusive use of certain limited common areas
condominium: A form of property ownership in which the home owner holds title to an individual dwelling unit plus an interest in common areas of a multi-unit project
condominium: A real estate development in which each unit owner has title to a unit in a building and an undivided interest in all the common areas of the project Unit owners sometimes also have the exclusive use of certain limited common areas Sometimes called a "condo"
condominium: an estate in real property which consists of an undivided interest in a portion of real property held in common with other owners (called common area) coupled with a separate, individual interest in space called a unit, the boundaries of which are described on a recorded map or condominium plan
condominium: A form of property ownership in which the homeowner holds title to an individual dwelling unit plus an interest in common areas of a multi-unit project