Property developed for coownership,
with each co-owner having a
separate interest in an individual unit, combined
with an undivided interest in the common areas
of the property. Compare: Cooperative.

Merriam-Webster Online Dictionary
condominium (noun)
a) joint dominion , especially joint sovereignty by two or more nations
b) a government operating under joint rule
a politically dependent territory under condominium
a) individual ownership of a unit in a multiunit structure (as an apartment building) or on land owned in common (as a town house complex) , also a unit so owned
b) a building containing - condominiums
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