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condominium

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con⋅do⋅min⋅i⋅um

  [kon-duh-min-ee-uhm]
Use condominium in a Sentence
–noun
1. an apartment house, office building, or other multiple-unit complex, the units of which are individually owned, each owner receiving a recordable deed to the individual unit purchased, including the right to sell, mortgage, etc., that unit and sharing in joint ownership of any common grounds, passageways, etc.
2. a unit in such a building.
3. International Law.
a. joint sovereignty over a territory by several states.
b. the territory itself.
4. joint or concurrent dominion.
Origin:
1705–15; < NL. See con-, dominium
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To condominium
LA Loft Living
Modern Lofts For Sale in the Heart of Downtown LA. From the $300's.
www.BarkerBlock.com
Los Angeles Condominium
Free MLS Search: Los Angeles Homes for Sale. No Hidden Addresses!
www.ZipRealty.com
con·do·min·i·um   (kŏn'də-mĭn'ē-əm)   
n.   pl. con·do·min·i·ums also con·do·min·i·a (-mĭn'ē-ə)

    1. A building or complex in which units of property, such as apartments, are owned by individuals and common parts of the property, such as the grounds and building structure, are owned jointly by the unit owners.

    2. A unit in such a complex.

    3. Joint sovereignty, especially joint rule of territory by two or more nations, or a plan to achieve it: "The allies would fear that they were pawns in a superpower condominium" (New Republic).

    4. A politically dependent territory.

    1. Joint sovereignty, especially joint rule of territory by two or more nations, or a plan to achieve it: "The allies would fear that they were pawns in a superpower condominium" (New Republic).

    2. A politically dependent territory.

con'do·min'i·al (-ē-əl) adj.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Main Entry:  condominium
Part of Speech:  n
Definition:  a condom
Example:  condominiums in his wallet
Usage:  slang
Dictionary.com's 21st Century Lexicon
Copyright © 2003-2009 Dictionary.com, LLC
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Word Origin & History

condominium 
c.1714, from Mod.L., "joint sovereignty," apparently coined in Ger. c.1700 from com- "together" + dominum "right of ownership" (see domain). A word in politics and international law until sense of "privately owned apartment" arose in Amer.Eng. 1962 as a special use of the legal term. Abbreviated form condo first recorded 1964.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

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 by the condominium management.

Investopedia Commentary

Condominium management is usually made up of a board of unit owners who see to the day to day operation of the complex (lawn maintenance, snow removal, etc).

See also: Bungalow

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Legal Dictionary

Main Entry: con·do·min·i·um
Pronunciation: "kän-d&-'mi-nE-&m
Function: noun
Inflected Form: plural -ums
Etymology: New Latin, joint dominion, from Latin com- with, together + dominium rule, ownership
1 : ownership of real property that is characterized by separate ownership of portions of the property (as units in an apartment building) and undivided or joint ownership of the remainder (as the common areas of an apartment building) condominium form of ownership —Troy Limited v. Renna, 727 Federal Reporter, Second Series 287 (1984)> —compare COOPERATIVE
2 : real property (as an apartment or building) having condominium ownership condominium>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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