Real Estate Glossary

  Common Area Assessments

Levies against individual unit owners in a condominium or planned unit development (PUD) project for additional capital to defray homeowners' association costs and expenses and to repair, replace, maintain, improve, or operate the common areas of the project.

 

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Westchester County Real Estate Agent and Putnam County Homes
Westchester Putnam Realtor Alexander Rallis - Broker Owner- 1(866)222-0772
RE/MAX Heritage Realty 1870 East Main St. Mohegan Lake, New York 10547. Serving Yorktown Heights, Croton, Chappaqua, Westchester Putnam Counties New York.


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