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.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

Related Terms

residential property -

Related Terms on BusinessDictionary

cooling-off period

Popular 'Real Estate' Terms

equity
asset
amortization
escrow
capital lease

risk
lessee
debt
mortgage
mortgagee

condominium in the news

Tools

condominium is ...

... part of the Real Estate subject.

Nearby Terms

condemnation
condition
conditional call
conditional call option
conditional order
condominium
condor
conduit borrower
conduit IRA
conduit theory
conference call

Search volume for condominium

Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice