For the purposes of this chapter, the following definitions shall apply:
"Applicant"means the person or persons applying for new construction or conversion who possess an ownership interest, either as principal or agent, in land or a building.
"Association"means the organization of persons who own a project.
"Common"means property with undivided ownership.
"Community apartment"means an estate in real property consisting of an undivided interest in common in a parcel of real property and the improvements therein, coupled with the right of exclusive occupancy for residential purposes of an apartment located thereon.
"Condominium"means an estate in real property consisting of an undivided interest in common in a portion of a parcel of real property together with a separate interest in space in a residential building on such property.
"Conversion"means a change in the type of ownership of a parcel of land, together with the existing structures, from residential rental realty to community apartment, stock cooperative or condominium.
"Planned unit development"means a development consisting of individually owned lots together with common areas which are owned in common by the lot owners.
"Project"means a residential condominium, stock cooperative, community apartment or a planned unit development.
"Stock cooperative or Stock cooperative apartment"means a corporation formed or availed of primarily for the purpose of holding title to, either in fee simple or for a term of years, improved real property, if all or substantially all of the shareholders of such corporation receive a right of exclusive occupancy in a portion of the real property, title to which is held by the corporation, which right of occupancy is transferable only concurrently with the transfer of the share or shares of stock in the corporation held by the person having such right of occupancy.
"Unit"shall mean the element in a project which is exclusively owned or occupied individually and not in common with the owners of other elements of the project.
(Ord. 93-29, eff. 10/07/93)