condo
privately owned apartment-style home
A home that is like an apartment but is owned by the person who lives in it, in a building or group of homes with shared areas.
a [adjective] condo in [a place]
- They bought a two-bedroom condo near the city center last year.
- I’m renting a condo from a friend while she works overseas.
- Her condo has access to a rooftop pool and gym.
- We’re thinking of downsizing to a smaller condo after the kids move out.
- The couple spent months renovating their old condo before putting it on the market.
- My sister lives in a small condo in Toronto.
- They want to buy a condo instead of paying rent every month.
- This condo is close to the train station.
- The condo has a big balcony and a nice view.
- We looked at three condos before we chose this one.
condominium ownership system
A way of owning homes in a building or group, where people own their own homes but share and pay for common spaces together.
[adjective] condo [noun] (fees/market/association)
- Monthly condo fees cover building insurance, maintenance, and use of the gym.
- The city has seen a boom in new condo developments over the last decade.
- Our condo association voted to update the building’s security system.
- The report predicts that the downtown condo market will slow next year.
- They’re turning the old factory into a mixed-use condo and retail project.
- The condo fees are very high in this building.
- She is on the condo board, so she helps make rules for the building.
- The condo market is strong in big cities now.
- They changed the office building into condos last year.
- In a condo, people share the cost of fixing the roof and halls.
- Base: condo
- Plural: condos
condo association
1group managing condo property
The official group of condo owners that makes decisions about the building, shared spaces, and rules.
- The condo association meets once a month to discuss maintenance and budgets.
- You need written approval from the condo association before making changes to your balcony.
- The condo association hired a new company to manage the building.
condo board
1elected group running condo affairs
A small group of condo owners, chosen by other owners, who make many decisions about the building and shared money.
- The condo board approved the plan to upgrade the elevators.
- She joined the condo board to have a say in how fees are spent.
- Complaints about noise should be sent in writing to the condo board.
condo complex
1group of condo buildings/units
A place with several condo buildings or homes together on one shared piece of land.
- They live in a quiet condo complex just outside the city.
- The condo complex has a shared pool, a gym, and a playground.
- Parking is limited in this condo complex, so guests need permits.
condo conversion
1changing rentals into condos
When a building with rented homes is changed so that each home is sold as a condo instead of being rented.
- The old rental building is undergoing a condo conversion next year.
- Many tenants are worried about being forced out during the condo conversion.
- The city has put new rules on condo conversions to protect renters.
condo fees
1monthly payments for shared costs
Money that condo owners pay regularly to cover things like cleaning, repairs, and shared services in the building or complex.
- Our condo fees went up this year because the building needs a new roof.
- Before you buy, ask what the condo fees are and what they include.
- Low condo fees were one reason we chose this building.
condo market
1part of housing market for condos
The general situation of prices and sales for condos in a city or area.
- The downtown condo market has cooled after several years of rapid growth.
- Experts say the condo market will stay strong because many people want smaller homes.
- Young buyers are finding it hard to enter the condo market due to high prices.