Condominium Owners Association


Definition of "Condominium owners association"

Phillipa Criswell
  Decker Bullock Sotheby's International Realty

Association of the owners of all condominium units in a building that is concerned with managing day-to-day matters in the building complex, including the surrounding and enforcing condominium bylaws.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Addendum

An attachment, clause, or section added to an agreement or contract specifying additional terms or r ...

Acts

Performance of a deed or function. Certain acts are prohibited from coverage in insurance. For examp ...

Exemption

Size of estate passing free from estate and gift of taxes. The exempted amount as of January 1, 1987 ...

Custodial Care

Assistance provided to a person in performing the basic daily necessities of life, such as dressing, ...

Single-Lender Web Site

A Web site of an individual lender offering loans to consumers. Most Internet shoppers want a list ...

Automobile, Boat, And Aircraft Insurance

Coverage for motorized vehicles, each of which requires separate policies for property damage and li ...

Related Real Estate FAQ

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

Who Is A Subagent?

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Is A Second Mortgage?

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Why Use a Real Estate Agent? Is it better to buy or sell a home first What is the Best Time of Year to Buy a Home? How Does The Home Loan Underwriting Process Work? What is Escrow and how does it Work?

FAQ

What is a mortgage insurance premium (MIP)? What happens when you prequalify? Do I need Life Insurance? What is hazard insurance? What is a mortgagor?