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 ]

Your Key People in Real Estate


Featured Homes | Lots & Land | Liberty Ridge Estates | Condos | All Local Listings | Nationwide Search | Buyer/Seller Info | Market Analysis | Community Info/Links | City Overview | Weather Report | Local Phone Numbers | Newsletter | Schools | Relocation | Contact Linda | Key Properties,Realtor | Mortgage Calculator | Mortgage Rates | Real Estate News | Local Schools | Home | Extra Button 2

Website design and hosting by iHOUSE ®

Site Admin Menu