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Resources > Glossary > Condominium

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Condominium

Phonetics: con·do·min·i·um   \ ˌkän-də-'mi-nēm\

Function: noun

Definition 1:
A real estate project in which each unit owner has title to a unit in a building, an undivided interest in the common areas of the project, and sometimes the exclusive use of certain limited common areas.

Thesaurus / Related Terms
Condominium Conversion
Common Areas
Condominium Rider