/ˌkɒndəˈmɪniəm/ – noun
Definition: 1. chế độ công quản, nước công quản, chế độ sở hữu chung;
2. sở hữu riêng từng căn hộ trong chung cư.
A more thorough explanation: A condominium is a type of real estate property where individual units within a larger complex are owned by separate individuals, with shared ownership of common areas and facilities within the complex. Each unit owner has a deed to their individual unit and shares ownership of the common areas with the other unit owners.
Example: The condominium association held a meeting to discuss the new rules and regulations for residents.