Common Areas

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Definition: Common Areas

Common Areas
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Full Definition of Common Areas

The portions of a building, land, and amenities, owned or managed by a planned unit development (PUD) or condominium’s homeowners’ association, that are used by all of the unit owners who share in the common expense of operation and maintenance.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/common-areas/
Modern Language Association (MLA):
Common Areas. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/common-areas/.
Chicago Manual of Style (CMS):
Common Areas. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/common-areas/ (accessed: April 19, 2024).
American Psychological Association (APA):
Common Areas. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/common-areas/

Definition Sources

Definitions for Common Areas are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.