Real Estate Glossary



  Common Areas

Those portions of a building, land, and amenities owned (or managed) by a planned unit development (PUD) or condominium project's homeowners' association (or a cooperative project's cooperative corporation) that are used by all of the unit owners, who share in the common expenses of their operation and maintenance. Common areas include swimming pools, tennis courts, and other recreational facilities, as well as common corridors of buildings, parking areas, means of ingress and egress, etc.

 

[ Back To Real Estate Glossary ]

Each Office is Independently Owned and Operated.
All information believed accurate, but not guaranteed.


Search For Homes | Commercial Listings | Lease/Rentals | Lots & Land | Buyer/Seller Info | Market Analysis | Request Consultation | Dream Home Finder | Community Info/Links | City Overview | Local Phone Numbers | Newsletter | Relocation | Contact Michelle | Testimonials | Guest Book | Mortgage Calculator | Mortgage Rates | Real Estate News | Home

Website design and hosting by iHOUSE ®

Site Admin Menu