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 ]

Texas Sage Properties is Independently Owned and Operated
Copyright © 2003, All Rights Reserved, Revised: 08/31/07

 Equal Housing Opportunity


Quienes Somos? | Search For Homes | Search Lots & Land | Sage Realtor Links | Buyer/Seller Info | Newsletter | Home

Website design and hosting by iHOUSE ®

Site Admin Menu