Condominium

When people talk about condominiums, they commonly associate the term with a multi-story building. However, the concept is much broader. It refers to a form of property division applied to residences, offices, commercial premises, warehouses, parking spaces, industrial facilities, and other similar spaces. Under this system, each owner holds exclusive and absolute ownership rights over their unit, along with shared ownership of the common areas.

It is therefore important to understand the origin and meaning of the word. The term condominium comes from English, which in turn derives from Latin, composed of the prefix con- (together) and the noun dominium (ownership or control), literally meaning joint ownership.

In Civil Law, a condominium refers to the legal situation in which the ownership of a property is shared by two or more people. By extension, some authors use this term to refer to a property subject to the horizontal property regime.