Condominium

AAA

DEFINITION of 'Condominium'

A large property complex that is divided into individual units and sold. Ownership usually includes a non-exclusive interest in certain "common properties" controlled by the condominium management.

INVESTOPEDIA EXPLAINS 'Condominium'

Condominium management is usually made up of a board of unit owners who see to the day to day operation of the complex (lawn maintenance, snow removal, etc).

RELATED TERMS
  1. Condominium Fee

    A maintenance fee charged by a condominium complex to cover the ...
  2. Cooperative Insurance - Co-Op Insurance

    An insurance for owners of co-op apartments that covers losses ...
  3. Investment Real Estate

    Real estate that generates income or is otherwise intended for ...
  4. Bungalow

    A one-story house, cottage or cabin. Bungalows are generally ...
  5. Landominium

    A type of residential property in which the owner owns both the ...
  6. Condotel

    A condominium project that is operated as a hotel with a registration ...
Related Articles
  1. Does Condo Life Suit You?
    Retirement

    Does Condo Life Suit You?

  2. Tips For The Prospective Landlord
    Home & Auto

    Tips For The Prospective Landlord

  3. 9 Things You Need To Know About Homeowners' ...
    Home & Auto

    9 Things You Need To Know About Homeowners' ...

  4. Top Tips For First-Time Home Buyers
    Home & Auto

    Top Tips For First-Time Home Buyers

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center