CONDOMINIUM
condominium
(noun) housing consisting of a complex of dwelling units (as an apartment house) in which each unit is individually owned
condominium, condo
(noun) one of the dwelling units in a condominium
Source: WordNet® 3.1
Etymology
Noun
condominium (plural condominiums or condominia)
Joint sovereignty over a territory by two or more countries. [from 18th c.]
A region or territory under such rule.
(US, Canada) A building in which each unit is owned by an individual but the grounds, structure etc are owned jointly. [from 20th c.]
(US, Canada) the system of ownership by which such condominiums operate
(US, Canada) A unit or apartment in such a complex.
The legal tenure involved.
Synonyms
• (US, Canada, building): condo building
• (US, Canada, building, unite, title): strata
• (US, Canada, unit): condo (abbreviation)
Source: Wiktionary