Real Estate Term of the Day: Common Areas
COMMON AREAS – areas of a property [or community] that are used by all owners (Barron’s Dictionary of Real Estate Terms)
Below are a few examples of common areas that can be found in neighborhoods around Metro Denver:
- community pool
- clubhouse
- fitness center
- tennis courts
- park within community
- covered pavilions/picnic and grill areas
- lake access
- parking garage
See also: AMENITIES
