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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 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 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 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.

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 syndicate of co-ownership is used. In England and Wales the equivalent is commonhold, a form of ownership introduced in 2004 and still uncommon in most places.

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 does not have ownership itself maybe.

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. Big cities, including San Francisco, Chicago, New York City, Los Angeles, Miami, Atlanta, Calgary, Seattle, Mississauga, Edmonton, Vancouver, and Toronto, are major condo users.

Overview

Typically, a condominium consists of multi-unit dwellings (i.e., an apartment or a development) where each unit is individually owned and the common areas, such as hallways and recreational facilities, are jointly owned (usually as "tenants in common") by all the unit owners in the building. It is also possible for condominiums to consist of single family dwellings: so-called "detached condominiums" where homeowners do not maintain the exteriors of the dwellings, yards, etc. or "site condominiums" where the owner has more control and possible ownership (as in a "whole lot" or "lot line" condominium) over the exterior appearance. These structures are preferred by some planned neighborhoods and gated communities.

Search results for Condominium

Condo Insurance - Quotes for Condominium Homeowners Coverage

Protect your personal property and condominium with a condo insurance policy from Nationwide Insurance. Get an insurance quote today for condominium homeowners insurance.www.nationwide.com/condominium-insurance.jsp

Real Estate Agency The Condominium Form of Ownership in Oregon

A "condominium" is a special form of property ownership which is created and ... The owner of a condominium unit holds title to his individual unit together with ...www.oregon.gov/REA/condominiums.shtml

How to Buy A Condominium | eHow.com

How to article - how to buy a condominium. If your version of the American dream doesn't include mowing the lawn, think about buying a condo. Good options for both...www.ehow.com/how_111174_buy-condominium.html

Appleton Garage Storage

Our storage facility provides full size garage buildings. Call Condominium Garages in Appleton, WI for custom garage storage built to satisfy your custom storage needs.www.condominiumgarages.com/

Condominium

Condominium - Definition of Condominium on Investopedia - A large property ... Condominium management is usually made up of a board of unit owners who see to ...www.investopedia.com/terms/c/condominium.asp

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News about Condominium

Talk of the Town Oct. 2

The Milpitas PostTerra Serena, the 683-unit residential condominium, townhome and single-family home project the largest residential community in at least 20 years to be developed in Milpitas has completed construction on the 700 block of South Abel Street.http://www.themilpitaspost.com/ci_10610460

Suffern could nix smaller condo plan

The Journal NewsSUFFERN - The Planning Board's recommendation to reduce the size of a condominium building in an urban renewal project appears likely to be rejected by the village board.http://www.lohud.com/apps/pbcs.dll/article?AID=/20081002/NEW...

Affordable Housing on Oak Crest Met with Skepticism

Darien News-ReviewAnother affordable housing proposal within a mile of downtown Darien has been submitted to the Planning & Zoning Commis sion this one for 10 condominium units, three of which would be sold or rented as affordable housing, at the end of Oak Crest, a dead end street off Mansfield Avenue.http://www.dariennews-review.com/ci_10609631

Feral cats to be trapped

The Milford Daily News The Highwood Condominium Association's board of trustees has decided to trap and euthanize a colony of feral cats at the complex that has been the center of a neighborhood dispute, according to Animal Control Officer Cindy Souza. http://www.milforddailynews.com/news/x1221990316/Feral-cats-...

Ingleside man shot a man at a Palatine party 2 years ago: Prosecutors

Chicago TribuneDefendant is held without bail after remains were found Saturday in a wetland area on Chicago's Far South Side Witnesses have told authorities that an Ingleside man shot another man in the head at a party two years ago in a Palatine condominium, Cook County prosecutors said Wednesday. http://www.chicagotribune.com/news/local/chi-palatine-bones-...

News about Condominium

Bargain properties

Santa Rosa Press DemocratDella Ramsey pounced on a Santa Rosa condominium last month when the price dropped to $99,900, paying cash for the bank-owned property she now will rent out. KENT PORTER / The Press Democrat Della Ramsey of Santa Rosa couldn't resist purchasing a two ... http://www1.pressdemocrat.com/article/20081012/BUSINESS/8101...

Mandarin Oriental is poised for grand opening

Boston GlobeMandarin Oriental, Boston , a Back Bay pleasure dome that seeks to push the envelope on hotel and condominium luxuries, has scheduled a ribbon-cutting ceremony for today that includes a Feng Shui ritual and a lion dance. Plans call for Mayor Thomas M ... http://www.boston.com/business/ticker/2008/10/mandarin_orien...

Official Stain Remover Chosen for Clean My Space: Winning Colours(TM)

MSN MoneyCentralWinning Brands Corporation (PINKSHEETS: WNBD) (FRANKFURT: WMU) ( www.WinningBrands.ca ) reports that leading Toronto condominium cleaning and housekeeping service Clean My Space ( www.CleanMySpace.ca ) has awarded Winning Brands' popular clean-up ... http://news.moneycentral.msn.com/provider/providerarticle.as...

86 Cats Taken From Colorado Condo

FOX NewsGLENWOOD SPRINGS, Colo. — A Glenwood Springs animal shelter is trying to find homes for 86 cats rescued from a two-bedroom condominium. The Colorado Animal Rescue Shelter received the cats on Wednesday. Since then, workers have been scrambling to ... http://www.foxnews.com/story/0,2933,433821,00.html

Singapore: A nation of homeowners (AFP)

PeninsulaA two-bedroom condominium unit can easily cost S$1m ($699,000) in sought-after districts. In contrast, two- and three-bedroom flats offered by HDB last year were priced from 100,000 to 402,000 Singapore dollars depending on their size and location ... http://www.thepeninsulaqatar.com/features/featuredetail.asp?...

Search results for Condominium

condominium legal definition of condominium. condominium synonyms by ...

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 ... http://legal-dictionary.thefreedictionary.com/condominium

Condominiums in Thailand

This condominium is located in the tranquil neighborhoods of Pattaya it provides you with a prominent view over the city center and other areas.http://www.condominium-thailand.info/

Condominium financial definition of Condominium. Condominium finance ...

Condominium. A large property complex that is divided into individual units and sold. Ownership usually includes a non-exclusive interest in certain "common properties" controlled ... http://financial-dictionary.thefreedictionary.com/condominiu...

condominium - definition of condominium by the Free Online Dictionary ...

con·do·min·i·um   (k n d-m n-m) n. pl. con·do·min·i·ums also con·do·min·i·a (-m n-) 1. a. A building or complex in which units of property, such as apartments, are ... http://www.thefreedictionary.com/condominium

Condominium Associates

Quality of service is our number one goal at Condominium Associates. We instill this principle in our employees from the day they are hired. We agree with the statement made by ... http://www.condominiumassociates.com/
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Videos found for Condominium

Woman Dies In Lake Oswego Condomini...

Woman Dies In Lake Oswego Condominium FireA two-alarm fire in Lake Oswego took the life of a 56-year-old Lake Oswego woman early Thursday morning.Windows Media - Video

$234,900 Condominium, Woodstock, NH

$234,900 Condominium, Woodstock, NHFor additional information regarding this property, visit http://www.alpinelakes.com Alpine Lakes Real Estate/Lincoln MLS #2706389 Located in Woodstock, New Hampshire GREEN SIDE!...Flash - Video

RebateRentals.com Presents Stonebri...

RebateRentals.com Presents Stonebridge Condominiums (Plan 1206 Floorplan) Jacksonville FloridaThis RebatePromo is for Stonebridge Condominiums, located on Baymeadows East. The Plan 1206 floorplan is a 3 bedroom 2 bathroom Condominium Flat, 1,206 square foot in...Flash - Video

Impressive Condominium

Impressive Condominiumhttp://www.tourfactory.com/s356122/r_www.blinkx.com Almost new 4 bedroom condo in Williamsburg w/ attached garage. Vaulted ceilings, surround sound system, ceramic tile floors,...Windows Media - Video

Florida Condominium for sale

Florida Condominium for saleThis condominium is located in beautiful Sarasota County Florida close to the beaches and downtown nightlife. This condo is offered by Dasha ColeFlash - Video

Videos found for Condominium

Woodsville Viverde Mansions / Robin...

Woodsville Viverde Mansions / Robinsons Land Corporation / Condominium...Woodsville Viverde Mansions / Robinsons Land Corporation / Condominium Philippi Robinsons Land Corporation / www.realtymanila.com 8 min 5 sec - Nov 10, 2006 Woodsville Viverde Mansions by www.realty...flash: 0 MB w:320px - h:240px

Brookline, Massachusetts condominiu...

Brookline, Massachusetts condominium townhouse for saleBrookline, Massachusetts condominium townhouse for sale 5 min 34 sec - Nov 15, 2006 For additional information, visit http:/www.BrettonRealty.com This five bedroom, 5 bathroom townhouse, owned by ...flash: 0 MB w:320px - h:180px

Stratford Village Condominium www.s...

Stratford Village Condominium www.serracommunities.comStratford Village Condominium www.serracommunities.com 2 min 0 sec - Nov 17, 2006 Stratford Village is bar none the best value in Rochester Hills. These extremely spacious condominiums start at $7...flash: 0 MB w:320px - h:240px

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weiss.mpgClick to watch video of condominium homesmpeg: 39.1 MB w:352px - h:240px

Urban Condo

Urban CondoCouple updates their condo in trendy Dupont Circle in Washington D.C.wmv: 0 MB w:400px - h:300px

Answers for Condominium

KungFuCandy

How can I go to Ayala-Paseo corner from Kingswood condominium?

KungFuCandyI used to live in the area near the cemetery, Kingswood is right in front of Shopwise, right? The best way is for you to walk or take a tricycle a few blocks to corner Kalayaan - Zapote. There will...
t-p

What are the laws or rules concerning ownership tranfer of a condominium units from relatives?

t-p1. You could have it refinanced which would lower the payments but it would still be in her name. 2. You could have her go to the bank with your husband and see if they will transfer the loan... it...
Willum

How legally binding are condominium rules and regulations and by-laws on an owner ?

WillumThis is a good one. You may have a leg to stand on but for them to back down you may have to give a copy of the rules to your attorney. He can better decipher (at your cost) what is your rights and th...
nima

Smell of Gas in the Bedroom of Condominium suite! How to identify it?

nimaGo over your super's head and just call the gas company. If there is a possible leak, they have to come out. Be sure to let them know that no one will do anything about it, and you are concerened for ...
luckystar

Is there more payments made after paying off a condominium in full?

luckystarYou will have to pay Condo Association assessments............ Usually monthly, they cover landscape, security, insurance, gates, etc, etc. And, because actual costs increase every year, so will y...

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