http://www.weloveaustin.com/buyers/condo-facts.html

Obivno se etazno vlasnistvo prevodi sa condomnium ownership. Posto se to obicno odnosi na jednu jedinicu za stanovanje (Unit).

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Note added at 36 mins (2011-12-23 09:19:24 GMT)
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Owners share an interest in common elements.

* Two units of a duplex may be a condominium, with each owner having a fenced yard. The condo documents may specify that each owner of the duplex handle the maintenance his own unit and yard.
* However, this does not mean that each unit owner owns a divided share of the land and buildings.
* Their interest in the land and structure is undivided. Their individual ownership includes only the space inside their unit.
* By setting up the units of a duplex as condos, the developer is able to sell them to two different owners. Otherwise the duplex could only be sold as a single property.


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Note added at 37 mins (2011-12-23 09:20:33 GMT)
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http://en.wikipedia.org/wiki/Condominium

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Note added at 37 mins (2011-12-23 09:21:12 GMT)
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A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights associated with the individual ownership and controlled by the association of owners that jointly represent ownership of the whole piece.

Colloquially, the term is often used to refer to the unit itself in place of the word "apartment". A condominium may be simply defined as an "apartment" that the resident "owns" as opposed to rents.