Condominium Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Condominium, written in plain English, along with examples of how it is used.

What is 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.