condominium

IPA: kɑndʌmˈɪniʌm

(international law) Joint sovereignty over a territory by two or more countries.
A region or territory under such rule.
(US, Canada, Philippines) A building or complex of buildings that provides multiple residential units each of which is owned separately but whose grounds, structure, etc. (if any) are owned jointly.
(US, Canada, Philippines) The system of ownership by which such condominiums operate.
(US, Canada, Philippines) An individual unit (such as an apartment) in such a complex.
The legal tenure involved.

Examples of "condominium" in Sentences

The condominium is a 20-unit development with two - or three-bedroom units that start at $545,000.
Cancún is advertising bargains in condominium rentals and a 2 bedroom one was offered the other day for only $350 usd A WEEK.
Mr. Tzolov, 35 years old, appears to have moved out of his condominium, which is located a few blocks from Credit Suisse's Madison Avenue office in the Flatiron District of Manhattan.
In looking at the long-term condominium absorption for the downtown area, our builder, his bank, and the appraisers are all in agreement that this project will make for a successful condominium.
Wilson provided volunteer administrative support to the Maryland Homeowners 'Association, a statewide nonprofit group that promotes the interests of homeowners in condominium associations, homeowner associations and cooperatives.
A condominium is a type ownership where certain parts of the property (the units) are owned by individuals, and certain parts (the common elements) are owned in common by the unit owners, all of whom are members of the condominium corporation (the organization responsible for the operation of the condominium).
For purposes of the District's new law - the Saving D.C. Homes from Foreclosure Emergency Amendment Act of 2010 - residential property is defined as condominium or cooperative units and real property that has four or fewer single-family dwellings, at least one of which must be the principal residence of the debtor or his immediate family.