Legal-Explanations.com - Legal resources in plain English
Legal-Explanations.com Home > Legal Definitions
 

Condominium

It is a type of joint ownersip of real property in which certain portions are individually owned and certain commonly owned like parking space, elevators, community halls, or any form of common area by the tenanats or owners.The management and repairs of the common area is maintained by the common association whose memebers are the tenants or the owners of the property.

 
Legal-Explanations.com Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 Legal-Explanations.com. All rights reserved