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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.


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 ?
1) Danielle Katz-Ham and Terry Ham, here with their sons, Jackson and big brother Jesse, are thankful for the opportunity to increase the value of their Studio City condominium.
Established in 1979, The Related Group is the leading builder of luxury condominiums and the leading developer of multi-family residences in the United States.
With condominiums, cooperatives and homeowners associations, the bulk of work relates to registrations and other administrative tasks.
Those purchasing a resort condominium will have the ability to rent the unit when not in residence.
Bill Naturkach, town administrator, says an "innovative approach" to condominium housing is the reason the current project will be a success.
the "developer"), filed a declaration of condominium for Briarwood at Indian Springs Condominium.
In 1986, SSP rented the Razavis' condominium to third parties for 149 days and received $29,559; SSP paid the Razavis $19,250 (11/12 of $21,000).
The intricate nature of this luxury condominium building required the detailed attention of Alexandra Construction and the size and might of an international company like Bovis Lend Lease," says Brian O'Neill, Founder and Chairman of O'Neill Properties Group, and owner of The Carnegie Abbey Club.
The Federation of New York Housing Cooperatives and Condominiums is a 53-year old membership organization dedicated to the education of cooperative and condominium board members, shareholders and unit owners in the five boroughs, Long Island, Westchester and New York State.
May 5 marks the proclamation of Ontario's new Condominium Act.