The area owned in common by the owners of condominiums or planned unit development homes in a subdivision.
Those areas in the building which are used by all office tenants or which service all office areas. Common areas include corridors, public lobbies, janitorial closets, restrooms and, in some buildings, mechanical space, loading docks and other service areas which benefit all tenants.
The area in a housing or condominium development that is owned by all residents.
Common area is the area used in common by the tenants of an office building. Common area includes building and elevator lobbies, restrooms and the corridor leading from an elevator lobby to a tenant space. Return To Menu
refers to portions of a property designed for common use by the tenants. Parking lots, washrooms, walkways and areas onto which the stores in a shopping centre face are usually designated part of a property's common area.
The total area within the shopping center that is not designed for rental to tenants but that is available for common use by all tenants or groups of tenants, their invitees, and adjacent stores. Parking and its appurtenances, malls, sidewalks, landscaped areas, public toilets, truck and service facilities, and the like are included in the common area.
An area which is for use by many, not an individual. For example, home units have common areas such as stairs and driveways.
the area owned in common by the owners of a planned unit development (PAD) or homes in a subdivision (i.e., retention basin).
An entire common interest subdivision except the separate interests therein.
In condominium and some cooperative housing projects, the areas not owned by an individual owner of the condominium or cooperative residence, but shared by all owners, either by percentage inter- est or owned by the management organization. Common areas may include recreation facilities, outdoor space, parking, landscaping, fences, laundry rooms and all other jointly used space. Management is by a homeowners' association or cooperative board, which collects assessments from the owners and pays for upkeep, some insurance, maintenance and reserves for replacement of improvements in the common area.
An area of a building that is used in common by tenants and their guests.
All floor areas for circulation within a building plus standard facilities for the common use of occupiers, tenants and/or the public.
Also referred to as “common elements”. It is those parts of the real property which are not part of any individual unit and which are shared by some or all unit owners in common. These areas are administered by an association acting through its board of directors. The boundary between common area and individual units is specified in the governing documents of the association. See also Limited Common Area.
Areas inside condominiums or subdivisions where all residents are responsible for it's maintenance and upkeep.
Land and improvements within a lot, parcel, or area for the beneficial use and enjoyment of all owners. The common area may be held by owners of lots or residential units as an undivided interest, owned in its entirety by a homeowners' association, or a combination of both.
An area in some housing communities that is owned by all residents and maintained by home owner association dues.
In commercial leased properties, fully enclosed space in a building that benefits others in the building but does not accomodate tenants personnel, furniture, fixtures or equipment. It is usually classified as either Building Common Area or Floor Common Area. Inter-floor Common area is also seen in certain building designs. Appraisers and attorneys may apply this term to parking lots, exterior plazas, sidewalks, and the like, but its use in the context of building measurement applies only to enclosed space. Space can be Common Area or Usable Area but not both.
The areas of a property that are used by all tenants or owners, e.g. stairways, lobby, lavatories, mechanical shafts.
The part of a building or premises either owned by or used by all tenants or tenant-owners of the building (e.g. the swimming pool at a condominium).
The area on the property or in the building that is available for use to all owners and tenants.
() The area of a commercial building or residential complex that is used by the tenants and their guests or customers. Common areas can include the lobby and hallways, and the cost of maintaining parking areas, sidewalks, landscaped areas, public washrooms, and loading facilities.
That area owned in common by owners of condominiums and planned sight development homes within a subdivision.
There are two components of the term "common area". If referred to in association with the Rentable/Usable or Load Factor calculation, the common areas are those areas within a building that are available for common use by all tenants or groups of tenants and their invitees (i.e. lobbies, corridors, restrooms, etc.). On the other hand, the cost of maintaining parking facilities, malls, sidewalks, landscaped areas, public toilets, truck and service facilities, and the like are included in the term "common area" when calculating the tenant's pro-rata share of building operating expenses.
For lease purposes, the areas of a building (and its site) that are available for the non-exclusive use of all its tenants, such as lobbies, corridors, and parking lots. (Real Estate Information Standards)
Those portions of a building, land, and amenities in condominium and cooperative projects which are used the apartment owners. The hallways, parking areas, and other amenities.
For lease purposes, the areas of a building and its site that are available for the non-exclusive use of all its tenants, e.g., lobbies, corridors, parking lots, etc. For space measurement purposes, the square footage of lobbies, corridors, etc., contained within the building. For retail properties, the Total Floor Space less Total Retail Area.
The total area within an office building that is not designed for rental to tenants but that is available for common use or enjoyed by all tenants or groups of tenants, their invitees, and adjacent stores. Malls, sidewalks, landscaped area, public toilets, truck and service facilities, and the like, are included in the common area.
An area inside a housing development that is owned by all residents.
All areas within the residence halls that are not specifically assigned as student bedrooms. These include hallways, stairwells, lobbies, balconies, bathrooms, lounges, laundry rooms, and vending areas, as well as the common rooms within suites and apartments (e.g., kitchens, living rooms, dining rooms).
An area which is available for use by more than one person (for example, home units have common areas like stairs, driveways, store rooms).
The area in a building that is shared by all of the tenants/owners of the building. This could include the lobby, a common courtyard or roof garden or the hallways.
An area owned by the owners or tenants of a complex or subdivision for the common use of tenants.
The entire common interest in a subdivision, not including the separate interests therein, such as sidewalks, hallways, etc.
In a condominium or housing development, property that is not owned by individuals but by all owners collectively.
The area in a rental property that are shared by all or some of the tenants, such as elevators, hallways, foyers, etc.
area within a housing complex or tract that is owned by all residents and is maintained using common funds.
Areas in a condominium, cooperative, apartment complex, etc. shared by all residents (such as a pool area, parking lot, laundry room, etc.).