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Translate files Condominium
/ˌkɒndəˈmɪn.i.əm/
Meaning & Definition
noun
A building or complex of buildings containing a number of individually owned apartments or houses, often with shared amenities.
They decided to buy a condominium near the beach for their summer vacations.
A system of ownership in which individuals own specific units within a multi-unit structure, sharing ownership of common areas.
In a condominium, each owner has a deed for their unit but shares responsibility for the maintenance of the building.
A type of housing that offers a communal living experience with private ownership and shared facilities.
The new condominium complex has a gym, swimming pool, and barbecue area for residents.
Etymology
Derived from Latin 'condominus' meaning 'joint owner'.
Common Phrases and Expressions
condo association:
A governing body for a condominium which manages the common areas and enforces rules.
condo fees:
Monthly payments made by condominium owners for maintenance of shared spaces.
luxury condominium:
A high-end apartment complex with upscale amenities.
Related Words
Slang Meanings
Condo
I'm thinking about buying a condo downtown.
Pad
She just moved into her new pad in the city.