For the purpose of this chapter, the following terms, phrases, words and their derivations shall have the meanings given herein:
The Borough of Ho-Ho-Kus.
The form of ownership of real property under a master deed providing for ownership by one or more owners of units of improvements, together with an undivided interest in common elements appurtenant to each such unit.
The entity responsible for the administration of a condominium, which entity shall be incorporated or unincorporated.
The land covered by the master deed, whether or not contiguous, and all improvements thereon, all owned either in fee simple or under lease, and all easements, rights and appurtenances belonging thereto or intended for the benefit thereof.
Any system of land ownership and possession in which the fee title to the land and structure is owned by a corporation or other legal entity in which the shareholders or other co-owners each also have a long-term propriety lease or other long-term arrangement of exclusive possession for a specific unit of occupancy space located within the same structure.
The entity responsible for the administration of a cooperative, which entity may be incorporated or unincorporated, profit or nonprofit.
An individual, firm, corporation, partnership, association, trust or other legal entity, or any combination thereof.