1) " Condominium" -- As it applies to Condominium Associations This article refers to a form of housing. For information on the international law describing a territory in which twosovereign powers have equal rights, please see Condojinium (international law). A condominium is a form of housing tenure. It is the legal term used in the USA and Canada for a type of joint ownership of real property in which portions of the property arecommonly owned and other portions are individually owned. In Australia, the legalterm for this is known as strata title. Often, it consists of units in amulti-unit dwelling (i.e., an apartment or a development ) where the unit is individually owned and the common areas like hallways and recreationalfacilities are jointly owned by all the other unit owners in the building. It is possible, however, for Cobdominium s to consistof single family dwellings. An association consisting of all the members manage the common areas usually through a board ofdirectors elected by the members. The same concept is also used in other countries with different names, such as "unit title","commonhold" or tenant-owner's association.Another variation of this concept is the "time share". Codominium s may be found in both civil law and common law legal systems as it is purely acreation of statute. Two cul-de-sacs of condos in a rural area near Atlanta, Georgia An alternative form of ownership popular in the United States in common law jurisdictions is the "cooperative" corporation, also known as "company share", in which the building has an associated legal company and ownership of shares gives the right to a lease for residence of a unit. Another form is leasehold or ground rent in which a single landlord retains ownership of the land on whichthe building is constructed in which the lease renews in perpetuity or over a very long term such as in a civil law emphyteutic lease. Another form of civil law jointproperty ownership is undivided co-ownership...
2) " Associations" -- As it applies to Condominium Associations Association is the following: A voluntary association (also sometimes calledan association) is a group of individuals who voluntarily enter into anagreement, explicit or implicit, to form or act as a body (or organization )to accomplish a purpose.In object-oriented programming, an association(object-oriented_programming) is a relationship between classes.In statistics, an association (statistics) comes from two variables who are related.In psychology, an association (psychology) is something linked in memory or imagination with a thing or person.The pop band The Association.In Archaeology an association is the relationship between objects found together Associetions ...
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