Definition of condominium noun from the Oxford Advanced Learner's Dictionary

 

condominium

 noun
noun
BrE BrE//ˌkɒndəˈmɪniəm//
 
; NAmE NAmE//ˌkɑːndəˈmɪniəm//
 
(informal condo)(especially North American English) Buildings, Types of home
 
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an apartment building or group of houses in which each flat/apartment/house is owned by the person living in it but the shared areas are owned by everyone together; a flat/apartment/house in such a building or group of houses See related entries: Buildings, Types of home Word Origin early 18th cent.: modern Latin, from con- ‘together with’ + dominium ‘right of ownership’, from dominus ‘lord, master’. The current sense dates from the 1960s.Extra examples We were staying in a condominium just off of the beach. a new condominium complex in Long Beach There are town house and condominium developments going up in town.
See the Oxford Advanced American Dictionary entry: condominium