condominium

Meanings

• noun

  A type of real estate property where individuals or entities own exclusive use of a unit, along with shared ownership of common areas.

  - "I own a condominium unit in this building."
  - "Condominium living is popular in urban areas due to its affordability and convenience."

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Synonyms

condo building , strata , condo

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Variants

List of all variants of condominium that leads to same result
condominia , condominium , condominiums

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'condominium' comes from the Latin word 'dominium', meaning 'ownership'. In the context of real estate, it refers to a property regime where individual units are owned, while common areas are collectively owned.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first condominium project in the United States was built in 1960 in Miami, Florida.

2. Condominiums can be found in various forms, including townhouses, single-family homes, and even houseboats.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Apartment: Both apartments and condominiums are types of residential properties, but the main difference is in ownership. In an apartment, tenants rent their living space from a landlord, while condo owners have exclusive use of their unit and a share in the common areas.

2. Homeowners Association (HOA): HOAs are organizations that manage the common areas and amenities in a condominium complex. They enforce rules, collect fees, and ensure the property remains well-maintained.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Condos have become a popular housing option in many parts of the world, particularly in urban areas. They offer the benefits of homeownership with the convenience of shared amenities and a sense of community.

How to Memorize "condominium"

1. visualize
   

   - Visualize a high-rise building with multiple units, each owned by an individual or entity, and shared common areas such as a swimming pool, gym, and parking lot.

2. associate
   

   - Associate the term 'condominium' with the idea of homeownership, shared amenities, and a sense of community.

3. mnemonics
   

   - Use the mnemonic 'Condos: Common Ownership, Dwelling Spaces' to remember the meaning of the term.

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