Previous | Next

Condominium ownership

An estate in real property consisting of an individual interest in an apartment or commercial unit, and an undivided common interest in the common areas such as the land, parking areas, elevators, stairways, and the like.

Added: Fri Jan 06 2006
Last Modified: Wed Jul 02 2008

Related Terms

Condominium property regime (CPR)

Have something to add? How useful is this Landterm? Bookmark this term