Definition, Meaning & Synonyms

condominium

noun

/ˌkɒndəˈmɪn(i)əm/

Definition

A condominium is a type of living space similar to an apartment, but it is owned individually as opposed to being rented.

Examples

Many young professionals choose to buy a condominium in the city for its convenience.
The condominium complex offers various amenities such as a swimming pool and fitness center.
Owning a condominium can be a more affordable option than buying a house.

Meaning

Condominiums often involve ownership of a specific unit within a larger building or complex, with shared ownership of common areas such as hallways, pools, and gyms.