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 ]

Website Managed and Marketed by Mobile Motion, Inc.


Return to Homepage | Search For Homes | New Construction | FREE MLS SEARCH! | Buyer/Seller Info | Market Analysis | Dream Home Finder | Community Info/Links | City Overview | Local Phone List | Weather Report | Newsletter | Schools | Contact Michael | Testimonials | Mortgage Calculator | Mortgage Rates | Mortgage Information | Real Estate News | Useful Links

Website design and hosting by iHOUSE ®

Site Admin Menu