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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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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. |
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Condominium
