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A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights associated with the individual ownership and controlled by the association of owners that jointly represent ownership of the whole piece. Colloquially, the term is often used to refer to the unit itself in place of the word "apartment". A condominium may be simply defined as an "apartment" that the tenant "owns" as opposed to rents.

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Wikipedia About Condominium

A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights associated with the individual ownership and controlled by the association of owners that jointly represent ownership of the whole piece. Colloquially, the term is often used to refer to the unit itself in place of the word "apartment". A condominium may be simply defined as an "apartment" that the tenant "owns" as opposed to rents.

The difference between a condominium and an apartment is purely legal: there is no way to know a condo from an apartment simply by looking at or visiting the building. What defines a condominium is the form of ownership. The same building developed as a condominium (and sold as individual units to different owners) could actually be built someplace else as an apartment building (the developers would retain onwnership and rent individual units to different tenants).

Condominium is the legal term used in the United States and in most provinces of Canada. In Australia and the Canadian province of British Columbia it is referred to as strata title. In Quebec the term "divided co-property" ( ) is used, although the colloquial name remains 'condominium'. In England and Wales the equivalent is commonhold, a form of ownership introduced in 2004 and still uncommon in most places. In France the equivalent is called Copropriété (co-ownership), usually managed by the Syndic.

Technically, a condominium is a collection of individual home units along with the land upon which they sit. Individual home ownership within a condominium is construed as ownership of only the air space confining the boundaries of the home (Anglo-Saxon law systems; different elsewhere). The boundaries of that space are specified by a legal document known as a Declaration, filed of record with the local governing authority. Typically these boundaries will include the drywall surrounding a room, allowing the homeowner to make some interior modifications without impacting the common area. Anything outside this boundary is held in an undivided ownership interest by a corporation established at the time of the condominium's creation. The corporation holds this property in trust on behalf of the homeowners as a group–-it may not have ownership itself.

The primary attraction to this type of ownership is the ability to obtain affordable housing in a highly desirable area that typically is beyond economic reach. Additionally, such properties benefit from having restrictions that maintain and enhance value, providing control over blight that plagues some neighborhoods. Major American cities, including Miami, San Francisco, Chicago, New York City, Los Angeles, and Washington D.C., have abundant condo development.

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News about Condominium

Bing puts riverfront holdings in blind trust

Detroit Free PressDetroit Mayor-elect Dave Bing, who is to be sworn in Monday, has put his holdings in the Watermark Detroit riverfront development into a blind trust, his campaign spokesman said Friday. In 2006, Bing and a group of investors acquired 2.2 acres of valuable waterfront property to build a $60-million luxury condominium complex. The project has stalled because of the weak economy.http://www.freep.com/article/20090509/NEWS05/905090423/1001/...

New home construction in April fell to a 13-year low

National Posthile the condominium sector contributed to the dismal April numbers, the overall trend in the more stable class of single family homes shows construction activity continues to slowhttp://www.financialpost.com/reports/story.html?id=1576649

No charges in neighbor's death

The RepublicanWILBRAHAM - A Boston Road condominium owner who shot and killed a neighbor Thursday night at present faces no charges because the shooting appears to be in self defense, Police Chief Allen M. Stratton said Friday.http://www.masslive.com/metroeast/republican/index.ssf?/base...

Judge to weigh probation for official in public sex act

Detroit Free PressA judge said today he will consider sentencing the Oakland County commissioner found engaged in a sex act with a woman outside a condominium complex in Novi last month to probation.http://www.freep.com/article/20090508/NEWS03/90508072/1001/r...

Woman found dead in Palm Beach condo identified

The Palm Beach PostPolice today released the identity of a woman found dead in a condominium last week.http://www.palmbeachpost.com/news/content/local_news/epaper/...

News about Condominium

Giving Holiday Vacation Homes The Old College Try

CNBCA condominium hotel operates just like a hotel while adding the legal and financial structure of a condominium, including expert building property management, rental flexibility, and transferable ownership rights," explains Mr. Kinser. "For unit ... http://www.cnbc.com/id/30556248

Two men arrested in alleged burglary

Aspen TimesA Glenwood Springs man faces multiple felonies in connection with an alleged burglary and assault at an Aspen condominium that resulted in a resident suffering a laceration to the head. Eric Christopher Eanes, 22, is accused of second-degree burglary ... http://www.aspentimes.com/article/20090509/NEWS/905089930/10...

Crop Walk shines light on hunger

OlympianCondominium buyers have more protection than single-family home buyers and that’s not right. Maybe next year lawmakers can finally pass reasonable reforms. Lacey’s Parks and Recreation Department last week succeeded in focusing community attention ... http://www.theolympian.com/opinion/story/845575.html

St. Joseph’s historic church reduced to dust

The Chronicle HeraldJoseph’s site is a short walk to the historic Hydrostone area and a neighbouring Russell Street condominium development called Hydrostone Place. According to the parish’s website, the St. Joseph’s property was sold in March 2008 to ECL ... http://thechronicleherald.ca/Metro/1120932.html

No plans to eliminate I-71 bottleneck in Morrow County, ODOT says

Cleveland Plain Dealer BlogThe 1955 Ohio State University graduate still heads south so often for OSU football games and events that she and her husband, Dick, often stay at a condominium they own near campus. While I-71 now makes the trip easier since its completion nearly 50 ... http://blog.cleveland.com/metro/2009/05/no_plans_to_eliminat...

Search results for Condominium

condominium - Definition of condominium at YourDictionary.com

noun pl. condominiums-·iums. joint rule by two or more states; the territory so ruled; a form of real property ownership in which the purchaser of each unit of an apartment ... http://www.yourdictionary.com/condominium

condominium synonym | Thesaurus.com

Synonyms for condominium at Thesaurus.com with free online thesaurus, antonyms, and definitions. Dictionary and Word of the Day.http://thesaurus.reference.com/browse/condominium

condominium: Definition from Answers.com

condominium n. , pl. -miniums also -minia . A building or complex in which units of property, such as apartments, are owned by individuals andhttp://www.answers.com/topic/condominium

Condominium Management - Home Page

A Division of United Marketing Inc. Managing Condominium and Homeowner Associations in the Puget Sound area of Washington State. Company Historyhttp://www.condominium-management.com/

What is a Condominium?

Brief and Straightforward Guide: What is a Condominium? ... A condominium is a form of home ownership in which individual units of a larger complex are sold, not rented.http://www.wisegeek.com/what-is-a-condominium.htm

Wikipedia results for Condominium

Condominium - Wikipedia, the free encyclopedia

A condominium, or condo, is a form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned ... http://en.wikipedia.org/wiki/Condominium

Condominium (international law) - Wikipedia, the free encyclopedia

In international law, a condominium (plural either condominia, as in Latin, or condominiums) is a political territory (state or border area) in or over which two or more sovereign ... http://en.wikipedia.org/wiki/Condominium_%28international_la...

Condominium conversion - Wikipedia, the free encyclopedia

In real estate, a condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ... http://en.wikipedia.org/wiki/Condominium_conversion

Carbonell Condominium - Wikipedia, the free encyclopedia

Carbonell Condominium is a residential high-rise building located in the Brickell neighborhood of Miami, Florida. The tower is one of the tallest buildings located on Brickell Key ... http://en.wikipedia.org/wiki/Carbonell_Condominium

Harbor Cay Condominium - Wikipedia, the free encyclopedia

The Harbor Cay Condominium was a five-story flat plate residential development project in Cocoa Beach (Brevard County, Florida, United States) that collapsed during construction on ... http://en.wikipedia.org/wiki/Harbor_Cay_Condominium
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Videos found for Condominium

Fire Destroys Sacramento Condominiu...

Fire Destroys Sacramento CondominiumFire crews arrived just before 2 this morning to find one unit fully engulfed in flames. The unit was vacant.. firefighters say it was about to be rented out. A neighboring unit...Windows Media - Video

THE PERSIMMON CONDOMINIUM IN MABOLO...

THE PERSIMMON CONDOMINIUM IN MABOLO, CEBU CITYOpen this website for more details: _Cebu_City.html">http://daisy.bahay.ph/home_ads/49163/Apartment___Condo___Townhouse/Cebu_>_Cebu_City.htmlWindows Media - Video

Sweetbriar Condominium

Sweetbriar Condominiumhttp://www.tourfactory.com/s433266/r_www.blinkx.com Fabulous Lake Side Gated Condo Complex - Just steps to the sandy beach !Windows Media - Video

ARMANEE TERRACE CONDOMINIUM FOR REN...

ARMANEE TERRACE CONDOMINIUM FOR RENTARMANEE TERRACE CONDOMINIUM DUPLEX CORNER UNIT FOR RENT 4 ROOMS 3 BATHS FACING GREEN, FULLY FURNISHED , AVAILABLE FOR RENT IMMEDIATELY, CALL 6012 3661922 OR EMAILFlash - Video

Condominium Development Plan Draws ...

Condominium Development Plan Draws Criticism On Long IslandA development deal to build condos on a stretch of Long Island is causing a big controversy. As CBS 2's Jennifer McLogan reports, a former U.S. senator is involved in the dispute.Windows Media - Video

Answers for Condominium

SonyaCondominium?Sonyamelissa mwhat happens to your condominium unit if the whole building gets old/destroyed?melissa mRead your governing documents. The CC&R's will outline your ownership but in most cases, you only own the airspace that is your unit. The physical building is jointly owned by everyone who owns a unit...BleueWhat is the layout of a condominium?BleueThe presence of a master bedroom assumes the "two people" are a couple that share a bedroom. Would Windsor Store's typical customer be a married couple or a couple living together? Most dwelling p...fozzy40How to upgrade a condominium?fozzy40you can send me some pics to my email and i could help walk you through things. ive dont this stuff most my life. home depo and lowes both carry great books, are helpful with information and also they...eviwhat does a townhouse condominium look like. this is a question on architectural design.?eviFirst of all, you are mixing terms. Townhouse is a type of design. In the US, it typically refers to a two story, apartment looking thing like you'd find in an urban setting. Wikipedia says: "To...
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