The description or history of the name found in the Dictionary of American Family Names (Surnames) or Dictionary of First Names (Given Names). Â©2014, Oxford University Press. See 'Methodology' for more information.
Real Estate Condominiums Law and Legal Definition. A condominium is a title to a unit of real property which is ownership in the airspace which an apartment, office or store occupies.
A condominium, or condo, is a type of housing wherein a very specific part of a larger property â almost always an apartment within a complex â is privately owned by the homeowner, while all other connecting areas of the complex are communally owned by all condo residents.efore purchasing a condo or townhouse, potential buyers should ask for a copy of the HOA's meeting minutes, financial statements, and rules and regulations, the latter of which are often known as CC&Rs (covenants, conditions, and restrictions), but can go by a variety of names.