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Condominiums Meaning: Definition, Examples, and Translations

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condominiums

[หŒkษ’ndษ™หˆmษชniษ™m ]

Definition

Context #1 | Noun

residential buildings

A condominium is a type of living space similar to an apartment but independently sellable and regarded as real property. Condominiums are typically part of a larger building or community where residents share common areas such as hallways, parking lots, and amenities.

Synonyms

apartment, condo, flat.

Examples of usage

  • Many young professionals prefer living in condominiums due to the convenience and shared facilities.
  • The condominiums in this area offer a range of amenities such as a pool and fitness center.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Real Estate

  • Condominiums often provide amenities such as pools, gyms, and security services, making them attractive to buyers.
  • They typically have homeowners' associations (HOAs) that manage maintenance and communal areas, helping everyone uphold property value.
  • Many urban areas rely on condominiums to increase housing density while allowing residents to live closer to city centers.

Cultural Impact

  • In places like New York City, condominiums represent a shift in affordable housing and luxury living, changing skyline and community dynamics.
  • Pop culture often portrays condo living as trendy and chic, reflecting modern lifestyles focused on convenience.
  • Television shows and movies frequently highlight the social life of condo residents, illustrating communal living experiences and relationships.

Legal Aspects

  • Owning a condominium involves understanding a complex set of laws and regulations, differing by region and country.
  • Buyers of condominiums usually must agree to a set of rules created by the HOA, which govern everything from landscaping to noise levels.
  • Disputes among condo owners can lead to legal battles, especially concerning shared responsibilities and maintenance duties.

Global Variations

  • In different cultures, the concept of shared living varies; for instance, in Japan, capsule hotels provide a similar close-quarters living experience.
  • Many European cities feature condominiums, often in the form of converted historic buildings, blending modern living with rich heritage.
  • Sustainable building movements across the globe utilize condominium living as a method to reduce individual carbon footprints.

Origin of 'condominiums'

Main points about word origin

  • The word 'condominium' comes from Latin, where 'con' means 'together' and 'dominium' means 'lordship' or 'ownership'.
  • The term was first used in the United States in the 1960s to describe a new way of housing and shared ownership.
  • In some countries, different terms like 'strata titles' or 'shared ownership' are used to describe similar living arrangements.

The term 'condominium' originates from Latin, where 'con-' means together and 'dominium' means ownership. The concept of condominiums as separate living units within a larger building or community gained popularity in the 1960s as a way to provide homeownership opportunities with shared amenities.

Word Frequency Rank

At rank #25,168, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.