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 ]

Pam Shockey, Broker Assoc., CLHMS, e-PRO
Keller Williams Southwest
Direct 281-435-9808 or 281-778-8566

Pamshockey@siennaparkwayrealty.com
contact pam
Each Office is Independently Owned and Operated.




www.searchhippo.com


FREE Brochures | Home | Documents

Website design and hosting by iHOUSE ®

Site Admin Menu