condominium

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Condominium

In the United States and most of Canada, a piece of housing property attached to other properties, each individually owned, but with co-ownership of all common areas. This is usually associated with an apartment building in which residents own their apartments, but collectively (acting through a homeowners' association) own things like elevators, electric wiring, the outside of the buildings or the courtyards. In the event of an accident, liability is often apportioned according to where the accident occurred. For example, if a pipe bursts in a condominium and ruins the floors, its owner is responsible. However, if a pipe bursts in a condominium and ruins a neighboring unit's floors, liability rests with the homeowner's association. It is informally called a condo.

condominium

A system of ownership in a multiunit development allowing individual ownership of some areas and common ownership of all other areas.The identifying feature is the legality that common areas (entrance, hallways, elevators, swimming pool, parking, etc.) are owned by all members of the community in common with each other, rather than being owned by a separate corporation or association. Residential condominium projects may be multistory apartment-style residences or may resemble traditional detached housing or garden home communities.

References in periodicals archive ?
Slattery said the commission decision is based on a faulty interpretation of a new city ordinance allowing detached condominiums - a new type of housing for the city - and she and others are concerned that letting the project go through will set a nasty precedent.
One of the projects, The Village at Lake Balboa at the southeast corner of Vanowen Street and Forbes Avenue, was approved for 40 attached condominium units but Evenheim opted for 27 detached condominiums.
Tours include the sites for the Soledad Townhomes project, where 411 town homes and condominiums are proposed; the Golden Triangle Apartments site, where 180 residential apartment units are sought; the Soledad Circle Estates, where 150 detached condominiums are proposed; and the Centex Homes project, where 167 detached condominiums are requested.
A variety of housing types is envisioned -- targeted to first-time buyers through retirees -- that will include town homes, garden apartments, duplexes, single-family detached condominiums and zero lot line cluster homes, as well as conventional single-family detached homes.