condominium Hear it!

condominium definition - legal

n

An individual residential or commercial unit in a multi-unit building wherein each unitÂ’s owner also owns the common areas, such as the hallways and elevators, as a tenant in common with the other unitsÂ’ owners. See also cooperative.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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