CONDOMINIUM
condominium (kon-d[schwa]-min-ee-[schwa]m).1. Ownership in common with others.
2. A single real-estate unit in a multi-unit development in which a person has both separate ownership of a unit and a common interest, along with the development’s other owners, in the common areas. Pl. (for sense 2) condominiums. Cf. COOPERATIVE(2). [Cases: Condominium
1. C.J.S. Estates ¡ì¡ì 193¨C195, 200, 203.]
¡°The condominium concept is not new, despite its relatively recent introduction in the United States. Ownership of individual units in buildings can be traced back to ancient Babylon; it was quite common in ancient Rome and in medieval Europe. The earliest condominium statute is Article 664 of the Code Napoleon of 1804, a very brief provision which was later substantially expanded. Condominium statutes were adopted in most nations in Europe, and in Central and South America, before any were adopted in the United States.¡± Roger A. Cunningham et al., The Law of Property ¡ì 2.2, at 34 n.26 (2d ed. 1993).
3. Joint sovereignty by two or more nations.
4. A politically dependent territory under such sovereignty. Pl. condominia (senses 3 & 4).
What is the legal equivalence of CONDOMINIUM in Chinese?
About LegalLingo