| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,506,431,697 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Condominium |
Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
|
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
Toll Brothers City Living and Halstead Property, LLC unveiled the on-site sales center and model apartment for North8 Condominiums in Williamsburg, Brooklyn at 199 Bedford Avenue. In January, the median price of a condominium rose to $315,000, up 5 percent from 2004 and 72 percent from 2002, according to the Southland Regional Association of Realtors, in Van Nuys. May 5 marks the proclamation of Ontario's new Condominium Act. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|