Search results
Results from the WOW.Com Content Network
Condominium is an invented Latin word formed by adding the prefix con-'together' to the word dominium 'dominion, ownership'. Its meaning is, therefore, 'joint dominion' or 'co-ownership'. [3] Condominia (the Latin plural of condominium) originally referred to territories over which two or more sovereign powers shared joint sovereignty. This ...
Cluster house: an older form of the Q-type house (see below) [7] Condominium: a form of ownership with individual apartments for everyone, and co-ownership (by percentages) of all of the common areas, such as corridors, hallways, stairways, lobbies, recreation rooms, porches, rooftops, and any outdoor areas of the grounds of the buildings ...
Condominiums in Alberta are regulated by the Condominium Property Act (Chapter 22, RSA 2000) which is supplemented by the Condominium Property Regulation (AR 168/2000). It was most recently reported that over 8,000 condominium projects house over 250,000 residents in Alberta as of September 29th, 2022 by Thomson Reuters Canada.
Condominium (a.k.a. commonhold and strata title) – Ownership of an apartment or house is assigned to an individual, but common areas (e.g. hallways, heating system, elevators, exterior areas) are controlled by the homeowners' association. Fees are charged to the condo owners for maintenance of the common areas. These are referred to as "condo ...
Terraced house (a.k.a. townhouse or rowhouse) – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space. Condominium (American English) – A building or complex, similar to apartments, owned by individuals. Common grounds and common areas within the complex are owned and shared jointly.
Common areas often exist in apartments, gated communities, condominiums, cooperatives, and shopping malls. [6] In any situation where there is a tenancy in common, all the tenants in common collectively own the common areas, meaning that any one individual owner does not possess more control over the land than any other owner. [7]
The home can be a house, such as a single-family house, an apartment, condominium, or a housing cooperative. In addition to providing housing , owner-occupancy also functions as a real estate investment .
A condominium or "condo" is a form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned. Use of land access to common facilities in the piece such as hallways, heating system, elevators, and exterior areas are executed under legal rights associated with ...