2006-12-22 04:08:57 · 24 answers · asked by My name's MUD 5 in Education & Reference ➔ Quotations
It's short for condominium. A condominium is a form of home ownership in which individual units of a larger complex (oftentimes buildings) are sold, not rented. Those who purchase units in a condominium technically own everything from their walls inward. All of the individual homeowners have shared rights to most common areas, such as the elevators, hallways, pools and club houses. Maintenance of these areas becomes the responsibility of a condominium association. Every owner owns a share of interest in the condominium association, plus an obligation to pay monthly dues or special assessment fees for larger maintenance problems.
2006-12-22 04:17:57 · answer #1 · answered by TY 5 · 2⤊ 0⤋
It's short for condominium. It's basically an apartment. However, rather than renting, the occupants own the unit. It is part of a multi-unit complex. A condo is never a detached structure, it shares common walls with other units.
2006-12-22 04:22:52 · answer #2 · answered by Industry_Kitty 3 · 1⤊ 1⤋
A condominium, or condo for short, is a form of housing tenure. It is the legal term used in the United States and in most provinces of Canada for a type of joint ownership of real property in which portions of the property are commonly owned and other portions are individually owned. In Australia and the Canadian province of British Columbia, the legal term for this is known as strata title. In Quebec, it is known as syndicates of co-ownership. Colloquially, the term "condo" is often used to refer to the apartment unit itself in place of the term "apartment". This clearly signifies ownership of the property.
I do hope this has answered your question as to what a 'condo' is. Merry Christmas!
2006-12-22 08:42:38 · answer #3 · answered by michellerose_barkley 2 · 1⤊ 0⤋
A condo is an upscale apartment that is owned separately from the adjoining condos. You can buy or rent a condo.
2006-12-22 05:10:10 · answer #4 · answered by leahivan 2 · 1⤊ 1⤋
a condo is like a cross between an apartment and a house and it s better then an apartment! their building alot of condo's lately to all over Miami, virginia and im pretty sure a lot of other places to.
2006-12-22 04:23:51 · answer #5 · answered by future journalist 1 · 1⤊ 1⤋
lol
i think its a like a fancy bungalow house thingy!
condominium
an apartment house, office building, or other multiple-unit complex, the units of which are individually owned, each owner receiving a recordable deed to the individual unit purchased, including the right to sell, mortgage, etc., that unit and sharing in joint ownership of any common grounds, passageways, etc.
2. a unit in such a building.
3. International Law. a. joint sovereignty over a territory by several states.
b. the territory itself.
4. joint or concurrent dominion.
2006-12-22 04:13:21 · answer #6 · answered by YabbaJabba 3 · 1⤊ 0⤋
a "condo" is a flat,an apartment,with no specific features,just a flat ! Hope that this's answered ur question.
2006-12-22 10:10:58 · answer #7 · answered by Sarahz 1 · 1⤊ 0⤋
Condo is short for condominium.
2006-12-22 08:24:09 · answer #8 · answered by kaymay09 4 · 1⤊ 1⤋
It's a stand alone living dwelling, usually one story, twice the size of a medium apartment that is usually owned. Someone else does all the lawncare, etc.
2006-12-22 08:34:51 · answer #9 · answered by ? 6 · 1⤊ 1⤋
Well, it's a very fancy apartment..(if they're talking about a place they live in)...I stayed a week in a condominium and it was basically like a huge apartment with a lot of extras..But it was very nice!!
2006-12-22 04:17:45 · answer #10 · answered by Anonymous · 1⤊ 1⤋