condo
Definition
Noun: 1. A privately owned unit within a multi-unit building or complex: A "condo" is an individual apartment or townhouse that is owned, not rented. The common areas of the building (like the lobby, hallways, gym, or pool) are shared and jointly owned by all the unit owners. 2. Short for "condominium": "Condo" is the common, informal abbreviation for the full word "condominium," which refers to both the type of ownership and the individual unit itself.
Usage Examples
- Noun:
- She bought a beautiful two-bedroom condo with a view of the city.
- The monthly fee for his condo covers building maintenance and security.
- They decided a condo was better for their lifestyle than a single-family house with a large yard.
Advanced Usage
- Legal Structure: The term specifically implies a form of real estate ownership where one owns the interior space of an individual unit and a share of the common property and land with other owners in the complex.
- Condo Association: Owners are typically part of a "condo association" or "homeowners association (HOA)" that manages the shared property and enforces rules.
Variants and Related Words
- Condominium (n): The full, formal term for "condo."
- Condo unit (n): Another way to specify the individual dwelling.
- Common area / Common element (n): The shared spaces (e.g., roof, elevator, garden) in a condominium property.
Synonyms
- Apartment (n): A room or set of rooms in a building. (Key difference: An apartment is typically rented, while a condo is owned.)
- Flat (n): Primarily British English for an apartment.
- Unit (n): A general term for a separate living space within a larger building.
Related Phrases
- Condo fees / HOA fees (n): Regular payments made by the owner to the condominium association for upkeep of common areas and building insurance.
- Condo board (n): The elected group of unit owners who govern the condominium association.
Noun
-
one of the dwelling units in a condominium
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