Condominium definition
The term ‘condominium’ or ‘condo’ is used in North America and some other English speaking areas such as Australia, to refer to a building in which individual units are separately owned, but common areas are owned jointly.
It most commonly refers to residential blocks in which the residents own their individual flats and the common areas are owned jointly and managed collectively. However, other types of buildings might also include condominiums, such as shopping malls containing individual retail units.
It is a Latin word derived from ‘con’ meaning ‘together’ and ‘dominium’ meaning ‘domain’.
The term is also increasingly used to refer to groups of detached dwellings, that have common parts that are owned jointly and managed collectively such as the surrounding streets.
Condominiums are distinguished from apartments, in that the flats are owned rather than leased.
Condominiums are analogous to ‘commonhold’ properties in the UK.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Brick slip soffit systems and intricate brick features.
Breaking down possible steps of pre-contract management.
Looking to the future in Wales
ICE event includes comments from Welsh Government Minister Julie James.
How to write them and what they should include.
Designing Buildings Wiki becomes the world's first website to adopt the new knowledge standard.
Pressure Independent Control Valves (PICVs)
Assessing the most beneficial design elements.
Exploring different types of vinyl flooring.
New Government task force will build beauty into reformed planning process.
Why it's great to be a civil engineer
Five outstanding aspects of the profession.
The seismic strengthening of historic churches.
ECA Engineering Services Survey
Results show guarded optimism and payment concerns.
Noteworthy navigable aqueducts.