Condominium definition

Condominium means a common interest community in which portions of the real estate are designated for separate ownership and the remainder of the real estate is designated for common ownership solely by the owners of those portions. A common interest community is not a condominium unless the undivided interests in the common elements are vested in the unit owners.
Condominium means the form of real property ownership
Condominium means the ownership of a single unit in a multiunit project

Examples of Condominium in a sentence

  • The subject property is a condominium unit bearing postal address of Unit No. B3-07-03, Kepong Sentral Condominium, Puncak Desa, 52100 Kepong, Selangor Darul Ehsan.


More Definitions of Condominium

Condominium means the form of real property ownership provided for under the "Condominium Act," P.L.1969, c.257 (C.46:8B-1 et seq.).
Condominium means the ownership of a single unit in a multiunit project together with an undivided interest in common in the common areas and facilities of the property.
Condominium means real property, and any incidents thereto or interests therein, lawfully submitted to this chapter by the recordation of condominium instruments pursuant to the provisions of this chapter. No project shall be deemed a condominium within the meaning of this chapter unless the undivided interests in the common elements are vested in the unit owners.
Condominium means property submitted to the provisions of ORS chapter 100.
Condominium means a common interest community in which
Condominium means real property, portions of which are designated for separate ownership and the remainder of which is designated for common ownership solely by the owners of those portions. Real property is not a condominium unless the undivided interests in the common elements are vested in the unit owners, and unless a declaration and a survey map and plans have been recorded pursuant to this chapter.
Condominium means that form of ownership of real property created pursuant to this chapter, which is comprised entirely of units that may be owned by one or more persons, and in which there is, appurtenant to each unit, an undivided share in common elements.