Meaning of the word condominium in English

What does condominium mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

condominium

US /ˌkɑːn.dəˈmɪn.i.əm/
UK /ˌkɒn.dəˈmɪn.i.əm/
"condominium" picture

Noun

a building or complex of buildings containing a number of individually owned apartments or houses.

Example:
They bought a new condominium overlooking the ocean.
Living in a condominium often means shared amenities like a pool or gym.