Resorts & residences -
a glossary

Definition of terms

What is what?

Below are some explanatory notes on the most frequently used terms.


Term

 


Explanation

condominium

 

Apartment building with security and other services; 
term is most frequently used in the Americas

domain

Closed complex of villas; 
term is most frequently used in France

developer

Builder, project developer

gated community

Closed real estate complex; 
term is most frequently used in the Americas

rental income

Additional income from rental of properties

residence

Real property within a resort/domain

residential services

Services additionally offered to owners,
e.g. security service, concierge, housekeeping,
maintenance, object management

resort

Closed real estate area with surveillance,
often with hotel complex and additional facilities

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