MLchartDataset catalogue

Condominium

Term · Law · MLC-T-LAW-001168

A form of real property ownership where an individual owns a single unit in a multi-unit structure, along with an undivided interest in the common areas and facilities of the property. Owners typically pay monthly fees to a homeowners' association for the maintenance of common elements. Condominium ownership is governed by a declaration of condominium and bylaws.

Table 1. Record
IdentifierMLC-T-LAW-001168
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001168",
  "term": "Condominium",
  "field": "Law",
  "definition": "A form of real property ownership where an individual owns a single unit in a multi-unit structure, along with an undivided interest in the common areas and facilities of the property. Owners typically pay monthly fees to a homeowners' association for the maintenance of common elements. Condominium ownership is governed by a declaration of condominium and bylaws.",
  "url": "https://mlchart.com/terminology/law/condominium/"
}

Record 1,005 of 5,445 in Law terminology (MLC-0107). Request the full dataset.