condominium Definition

condominium

Definition

A form of property ownership in which each owner holds title to his/her individual unit, plus a fractional interest in the common areas of the multi-unit project. Each owner pays taxes on his/her property, and is free to sell or lease it.

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condominium is ...
... part of the Real Estate subject.

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condominium appears in the definitions of these other terms on BusinessDictionary.com

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