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.

 

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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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