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.
In a condominium, the purchaser of a unit receives a deed to a specific unit and an undivided. ownership of the common elements of the project. The purchaser must obtain his own mortgage. Limited Equity Cooperatives a Legal Handbook Page 4 of 53. financing on the unit and he pays his own real estate taxes.