A ******inium (or condo for short) is a building structure divided into several units that are each separately owned, surrounded by common areas that are jointly owned.
Residential ******iniums are frequently constructed as apartment buildings, but there are also "detached ******iniums", which look like single-family homes, but in which the yards (gardens), corridors, building exteriors, and streets as well as any recreational facilities (like a pool or pools, bowling alley, tennis courts, golf course, etc.), are jointly owned and maintained by a community association.
Unlike apartments which are leased by their tenants, ******inium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as corridors/hallways, walkways, laundry rooms, etc., as well as common utilities and amenities, such as the HVAC system, elevators, and so on. Many shopping malls are industrial ******iniums in which the individual retail and office spaces are owned by the businesses that occupy them while the common areas of the mall are collectively owned by all the business entities that own the individual spaces.
The common areas, amenities, and utilities are managed collectively by the owners through their association, such as a homeowner association.
Scholars have traced the earliest known use of the ******inium form of tenure to a document from first-century Babylon. The word ******inium originated in Latin.

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  1. L

    Property delimma

    Good day po sa lahat. May nabili po akong condo unit 3 years ago. Mejo mura po yung bili ko kasi rush sale. Mag 30 years na po yung building. Ano po kayang magandang gawin kasi wala ng titira sa unit na to? Ibebenta po ba o ipapaupa? Napaganda po kasi ng location. Nasa heart po ng Cebu City...
  2. D

    I got a condo in baclaran

  3. D

    Familiar kayo sa SMDC Green 2 condo

    mga lods may real state agent ba jan? ano yung masasabi nyo dito sa condong ito malaki kasi sya and taga at nadadaanan ko eto lods yung nakita ko, at kung may ma erereto kayo para mag - aral to be a real state agent, at magkaalam alam din about housing, salamat in advance.lods
  4. J

    Help Condo for Rent Website?

    May condo po kami gusto ipa-rent sa Davao City. San website po ako pede mag post para maka hanap buyer? Salamat
  5. E

    Closed san mura room rent? around pasay?

    preferably condo. baka may alam kayo.
  6. L

    Resort-type condos

    Planning to get a condo. Is anyone here knows a resort-type condos in the Metro?
  7. G

    Closed Pets in condo

    Is anyone here knows a condo that allows pet? And how do you take care of pets?
  8. L

    Has anyone heard of East Raya Gardens in pasig?

    Hello, Has anyone heard of East Raya Gardens in pasig? I need to get my own condo this summer in pasig, can anyone please give me insights about east raya gardens? Can you please recommend good ******iniums in pasig with a good security and amenities? Thanks!