Home > Term: condominium ownership
condominium ownership
Ownership of an entire floor of a building or of a particular apartment (flat) within a multi-family dwelling. In Switzerland, condominium ownership is regulated by federal law as a special form of co-ownership. Mortgages may be obtained for the acquisition of condominiums in a similar fashion to mortgages for entire properties.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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