kɒndoʊmɪˈniʊm

Definitions

1. noun

A residential building in which several individual units are owned by different people, often with shared facilities and common areas.

“She purchased a unit in the condominium complex and enjoys the private balcony overlooking the city.”

2. noun

A form of shared ownership where multiple individuals or families own and share a property.

“The condominium offered a unique opportunity for investors to purchase shares in a luxurious beachfront property.”

3. verb

To own or share a condominium, especially in a residential building.

“We condominium in this upscale neighborhood, which provides us with access to a private gym and pool.”