What is a condominium?

BRY2K

I feel compelled to respond that SUDAN was ruled by a British/Egyptian "Condominium" until that country's independence. http://everything2.com/title/Sudan ALSO -- A condominium is a form of home ownership in which individual units of a larger complex are sold, not rented. These units may be renovated apartments, townhouses or even commercial warehouses. Contrary to popular belief, the word 'condominium' does not apply to the type of unit itself, but the legal ownership arrangement. Any multi-unit structure can 'go condominium', meaning occupants must either vacate the premises or purchase their apartments outright. Those who purchase units in a condominium technically own everything from their walls inward. All of the individual homeowners have shared rights to most common areas, such as the elevators, hallways, pools and club houses. Maintenance of these areas becomes the responsibility of a condominium association. Every owner owns a share of interest in the condominium association, plus an obligation to pay monthly dues or special assessment fees for larger maintenance problems. http://www.wisegeek.com/what-is-a-condominium.htm Aug 22 08, 9:13 AM

zbeckabee

In international law, a condominium (plural either condominia, as in Latin, or condominiums) is a political territory (state or border area) in or over which two or more sovereign powers formally agree to share equally dominium (in the sense of sovereignty) and exercise their rights jointly, without dividing it up into 'national' zones. Although a condominium has always been recognized as a theoretical possibility, condominiums have been rare in practice. A major problem, and the reason why so few have existed in practice, is the difficulty of ensuring co-operation between the sovereign powers; once the understanding fails, the status is likely to become untenable. http://en.wikipedia.org/wiki/Condominium_(international_law) Aug 22 08, 1:23 PM

author

New Hebrides was the colonial name for an island group in the South Pacific that now forms the nation of Vanuatu. The New Hebrides were colonized by both the British and French in the 18th century shortly after Captain James Cook visited the islands. The two countries eventually signed an agreement making the islands an Anglo-French condominium, which lasted from 1906 until 1980, when the New Hebrides gained their independence as Vanuatu. http://en.wikipedia.org/wiki/New_Hebrides Aug 22 08, 7:10 PM