Condominium definition

Condominium means a common interest community in which portions of the real estate are designated for separate ownership and the remainder of the real estate is designated for common ownership solely by the owners of those portions. A common interest community is not a condominium unless the undivided interests in the common elements are vested in the unit owners.
Condominium means the form of real property ownership
Condominium means the form of real property ownership provided for under the "Condominium Act," P.L.1969, c.257 (C.46:8B-1 et seq.).

Examples of Condominium in a sentence

  • Under the Act, a common interest community means a property subject to a property owners' association pursuant to the Property Owners' Association Act (§55.1-1800 et seq.), or a condominium created pursuant to the Virginia Condominium Act (§55.1-1900 et seq.) or a cooperative created pursuant to the Virginia Real Estate Cooperative Act (§55.1-2100 et seq.).

  • The Tenant shall properly contain and dispose of garbage in accordance with the rules set out by municipal or provincial authorities, or by Condominium Rules as may now exist and which may change from time to time, including any waste diversion, reduction or recycling programs.

  • Assignor is party to those service and other agreements specified on Exhibit A attached hereto (collectively, the "Contracts") with respect to that certain property known as the YMCA of Stamford, being Unit #2 in that certain 000 Xxxxxxxxxx Xxxxxxxxx Condominium, and located at 00 Xxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000 (the "Premises").

  • If the Property is a condominium unit, this Contract is subject to the Virginia Condominium Act that requires Seller to furnish Purchaser with certain financial and other disclosures prior to entering into a binding contract.

  • The Town shall have the right to enter, inspect and survey the Condominium Property at any time prior to the acceptance of the Clover Way Sewer System to ensure its compliance with the Town's standards so long as the Town does not unreasonably interfere with the quiet enjoyment of residents of the Condominium Property.


More Definitions of Condominium

Condominium means the ownership of a single unit in a multiunit project
Condominium means the ownership of a single unit in a multiunit project together with an undivided interest in common in the common areas and facilities of the property.
Condominium means real property, and any incidents thereto or interests therein, lawfully submitted to this chapter by the recordation of condominium instruments pursuant to the provisions of this chapter. No project shall be deemed a condominium within the meaning of this chapter unless the undivided interests in the common elements are vested in the unit owners.
Condominium means a common interest community in which
Condominium means real property, portions of which are designated for separate ownership and the remainder of which is designated for common ownership solely by the owners of those portions. Real property is not a condominium unless the undivided interests in the common elements are vested in the unit owners, and unless a declaration and a survey map and plans have been recorded pursuant to this chapter.
Condominium means property submitted to the provisions of ORS chapter 100.
Condominium means that form of ownership of real property created pursuant to this chapter, which is comprised entirely of units that may be owned by one or more persons, and in which there is, appurtenant to each unit, an undivided share in common elements.