condominium unit
Defined in 2 places of the United States Code.
“condominium unit” means a portion of a condominium project designated for separate ownership;
Source
- 1994–present15 U.S.C. § 3603Commerce and Trade · Definitions · in this section
For purposes of subsection (b), the term "condominium unit" means a unit of residential or commercial property to be designated for separate ownership pursuant to a condominium plan or declaration provided that upon conveyance—
Source
- 2014–201615 U.S.C. § 1702Commerce and Trade · Exemptions · in this section
For purposes of subsection (b), the term “condominium unit” means a unit of residential or commercial property to be designated for separate ownership pursuant to a condominium plan or declaration provided that upon conveyance—
(1) the owner of such unit will have sole ownership of the unit and an undivided interest in the common elements appurtenant to the unit; and
(2) the unit will be an improved lot.
Source
- 2014–present15 U.S.C. § 1702Commerce and Trade · Exemptions · in this section