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Condominium
01
Eigentumswohnung, Wohneigentum
a building or a group of buildings in which individual units are owned privately, while common areas and facilities such as hallways, elevators, etc. are owned and managed by all residents
What is a "condominium"?
A condominium, often called a condo, is a type of housing system where a person owns an individual unit within a larger building or complex. The owner has ownership of their unit, while the shared areas, such as hallways, parking lots, and amenities like pools or gyms, are collectively owned by all the residents. Condominiums are popular in cities and urban areas due to their convenience, and they offer a mix of private ownership and shared community living. The rules and maintenance of the building are typically managed by a homeowners' association.
02
Wohnung in einem Grundstück, Kondo
any of the apartments in a condominium
condominium
n
Beispiel
She bought a condominium in the downtown area for its convenient location and amenities.
The condominium association holds regular meetings to discuss maintenance and community issues.
The condominium fee covers maintenance costs for common areas and services provided by the homeowners' association.
Condominiums are popular among urban dwellers seeking homeownership with shared maintenance responsibilities.
Residents of the condominium enjoy access to shared facilities such as a swimming pool and fitness center.
