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.


Search For Homes | Buyer/Seller Info | Dream Home Finder | Market Analysis | Mortgage Calculator | Mortgage Rates | Community Info/Links | Weather Report | Contact Todd | Corporate Website | Home

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu