CONDOMINIUM. shall mean an estate in real property consisting of an undivided interest in common in a parcel of real property together with a separate interest in space in a residential, industrial or commercial building; such as, an apartment, office or store. In addition, a condominium may include a separate interest in other portions of such real property. Furthermore, condominium projects shall not be approved with fewer than four units. Such estate may, with respect to the duration of its enjoyment, be either:
(1) An estate of inheritance or perpetual estate.
(2) An estate for life, or
(3) An estate for years, such as a leasehold or subleasehold.
('86 Code, § 22.12.040) (Ord. 4120, passed - - )