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.

You do not have permission to view the full content of this post. Log in or register now.
  1. P

    Trivia Good time to buy condo as POGO exodus corrects pricing

    While the order of President Ferdinand R. Marcos Jr. for a total ban of Philippine offshore gaming operators (POGOs) may hurt real estate developers, particularly the ******inium market, it also opens opportunity to local investors to buy residential units at a corrected price. Source: Good...
  2. C

    Condo po yata

  3. J

    Sino dito nakakuha ng condo ? ano yung cons?

    what are the cons in buying a condo???
  4. J

    Looking For Maganda bang condo rental business????

    planning to have a business that could last for more than 10 yrs . okay po ba ang condo rental
  5. J

    Looking For Buy house / condo or townhouse?

    ano po ba pros and cons sa condo townhouse and house and lot? i just want to know po anong pros and cons dahil alam ko may hidden fees p yan diba/?? lets say budget is less than 3m
  6. 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...
  7. D

    I got a condo in baclaran

  8. 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
  9. 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
  10. E

    Closed san mura room rent? around pasay?

    preferably condo. baka may alam kayo.
  11. L

    Closed Resort-type condos

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

    Closed Tv series to binge-watch

    Is anyone here fan of these TV series?
  13. G

    Closed Pets in condo

    Is anyone here knows a condo that allows pet? And how do you take care of pets?
  14. 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!

Did you know?

Credit is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately, but promises either to repay or return those resources at a later date.

Lenders want to make sure all their bases are covered before they extend you credit. That means they may look at factors other than your credit score to determine whether to lend you money. Your employment status also can play a role: If your income is too low or you haven’t been at your current workplace long, those factors could weigh against you.

Errors can come in a variety of forms. You may not have been credited for a payment you made, or you may have been charged for a purchase you didn’t make. A debt might be listed more than once, or your balance might be wrong.