Condominium Meaning is mostly related to Buildings which houses many small apartments.
It’s is Phonetically Pronounced as:
Condominium has two meanings in Dictionary which refers to:
- NORTH AMERICANa building or complex of buildings containing a number of individually owned apartments or houses.
- the joint control of a state’s affairs by other states.
Condominium is often shortened as Condo in USA and Canadian Provinces.
According to Wikipedia, it is defined as a type of living space which is similar to an apartment but which is independently sellable and therefore regarded as real estate. It is where the condominium building structure is divided into several units that are each separately owned, surrounded by common areas that are jointly owned.
Origin of Condominium
Condominium is a Latin word formed from two words; prefix con- (“together”) to the word dominium (“domain, property, ownership”). This is simply called “Shared Property” in English.
Condominia is the Plural of Condominium in Latin which can be referred as territories over which two or more sovereign powers shared joint dominion.
According to Wikipedia, This technique was frequently used to settle border disputes when multiple claimants could not agree on how to partition the disputed territory. For example, from 1818 to 1846, Oregon Country was a condominium over which both the United States and Great Britain shared joint sovereignty until the Oregon Treaty resolved the issue by splitting the territory along the 49th parallel and each country gaining sole sovereignty of one side.