A condominium, or condo, is the shape of property tenure along with other actual property in which a specified part of a piece of property (normally of your condominium home) is separately owned. Utilization of territory access to typical facilities within the part for example hallways, heating system, elevators, and external places are carried out less than legitimate rights of the person possession. These rights are controlled with the association of managers that mutually stand for acquisition of the whole piece. sunny isles condos for sale ""Condominium"" is actually a authorized expression used in america and then in most provinces of Canada. In Australia, New Zealand, along with the Canadian province of British Columbia, it is known as ""strata name."" In Quebec, the word ""divided up co-residence"" (French: copropriété divise) is used, even though colloquial title remains ""condominium."" In France, the counterpart is known as copropriété (co-possession), usually maintained through the syndic. In Italy the equal expression is ""Condominio"" (not surprisingly, as ""Condominium"" emanates from Latin). In Hispanic territories, the traditional term propiedad horizontal is retained because horizon in this instance indicates ""described."" In Southern Africa, this type of acquisition is named ""sectional title.