noun
condominium
kahn-duh-MIN-ee-um/ˌkɑːndəˈmɪniəm/
An individually owned dwelling with jointly managed common areas.
She holds a key inside her condominium in a shared building.
Etymology
Together with ownership gives the original idea of joint sovereignty or ownership. The legal term later came to name a privately owned apartment within a shared property arrangement.
In context
is this a condominium or is this a two-family home that's owned by one of the people in here
More examples
- They own a condominium but share the courtyard with their neighbors.
- Our condominium association collects monthly fees for building maintenance.
- The new condominium complex contains twenty individually owned homes.
Forms
condominium · condominiums
condo noun — An informal term for a condominium.
Similar words
- apartment
- Describes a dwelling within a building without specifying ownership.
- co-op
- Residents own shares in a corporation rather than individual units.