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Condominium |
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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. Notes: 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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lion was financed by CPC for the new construction of a 5-story building, which will result in 18 condos in Park Slope. But landlords and developers said the proposed relocation fees are too high, don't take into account tenants' incomes or length of residency and could be levied even if a planned condo conversion never goes through. KB is so far along with AEG on the hotel and condo project that it is unlikely that it will be cancelled," said Steve Fifield, president and founder of Fifield Cos. |
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