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definition of condominium

The concept of condominium has a special use at the request of the right to designate that possession held by one or more individualsGenerally, what is the object of possession is materialized in a land, a farm, an apartment, a house, among other real estate.

For example, because it is a present and relevant issue in law, the issue of condominiums has a legal presence in civil law known as community of goods.

So, this implies that everything that affects the rights of possession of a condominium owner may be subject to the intervention of justice, who will settle the case based on what the law dictates in this regard.

And on the other hand, where this concept is also widely used is in the fields of commercialization of horizontal properties and consortia, since in this way a building that houses different houses is designated and then there are several owners who live in it and that those common spaces must share, such is the case of corridors, elevators, garages and multipurpose rooms. This last space has become quite common in relatively new condominium buildings, these are rooms that have a recreational, festive purpose and that each co-owner can use to hold festivities there, prior reservation of the day.

The main issue that must be agreed upon in the condominiums is precisely the regulation of the use and maintenance of these aforementioned spaces that they will have to share so that the use is precisely the correct one and its maintenance in accordance.

The usual thing is that at the request of a consortium council and with the watchful eye of the condominium administrator, an internal regulation for the use of common places is written that the co-owners must of course strictly respect because otherwise they will suffer a sanction.

It is also worth mentioning that the maintenance, whether cleaning, arrangements, of these spaces, will be shared by all the co-owners, that is, all the owners of each unit that makes up the condominium must pay a sum of money tending to its maintenance. This question is also stipulated in a document.

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