condominium
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About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.con·do·min·i·um
noun \ˌkän-də-ˈmi-nē-əm\ plural con·do·min·iums also con·do·min·ia\-nē-ə\
Definition of CONDOMINIUM
1
a : joint dominion; especially : joint sovereignty by two or more nations b : a government operating under joint rule
2
: a politically dependent territory under condominium
3
a : individual ownership of a unit in a multiunit structure (as an apartment building) or on land owned in common (as a town house complex); also : a unit so owned b : a building containing condominiums
See Origin of CONDOMINIUM
New Latin, from Latin com- + dominium domain
First Known Use: circa 1714
condominium
noun (Concise Encyclopedia)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.
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