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condominium

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
condominium
a centrally owned, usually cooperative, facility of feed mill, feed trucks, feed purchasing and health services but separate individual ownership of livestock, and usually the feedlot yards.


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A single-detached family home can definitely level on par with a condominium but, likewise, condominiums have characteristics unique only to them.
This form of ownership, long frowned upon by New York City purchasers, became the norm, primarily because of the advantages of direct fee ownership, minimal restrictions on transfers and the seniority of condominium indebtedness.
A foreclosing lender or bulk purchaser acquiring unsold units in an unsuccessful condominium project (the acquirer) often has to weigh the puzzling considerations involved in intentionally or unintentionally becoming a successor developer.
 
 
 
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