What is the meaning of condominium?

Answer It's like an apartment, but people own the living spaces instead of renting them.

Top Q&A For: What is the meaning of condominium

What is the meaning of the word condominium?

In Real Estate and Property Law: A condominium is defined as a building or complex in which units of property, such as apartments, are owned by individuals and common parts of the property, such as... Read More »

What is the meaning of 50 years in condominium?

Without a context or more information, the only answer can be 50 years is 50 years. Answer There are two meanings of the word condominium as follows: In Real Estate and Property Law: A condominium ... Read More »

What are the consiquences of a Condominium Association putting a lien on your condominium home in Ohio?

If Ohio is like most other states, the recorded lien effectively clouds your title, so when you attempt to sell the unit, the lien shows up in the title search. As owner, the lien may also appear o... Read More »

What is the difference between a condominium unit and a condominium phase?

A condominium unit is a single unit in a condominium project, whether residential or commercial. A condominium phase is a development period, during which a developer builds, finishes and/or sells... Read More »