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 ]

Buying or Selling a Home or Land?
We have the "KIE..FER" your success!


Search Local MLS | Featured Listings | Kiefer Realty Listings | Lots & Land | Rentals | Pre-Foreclosure | Commercial | Home Page | Our Agents | STOP FORECLOSURE | Contact Us | Guest Book | About Us | Testimonials | Employment | HELPFUL LINKS | City Overview | Local Phone Numbers | Weather Report | Newsletter | Schools | Relocation | Buyer/Seller Info | Market Analysis | Dream Home Finder | Mortgage Calculator | Mortgage Rates | Real Estate News

Website design and hosting by iHOUSE ®

Site Admin Menu