Common Property

Business, Legal & Accounting Glossary

Definition: Common Property




What is the dictionary definition of Common Property?

Dictionary Definition


n. 1) real property owned by “tenants in common,” who each have an “undivided interest” in the entire property. 2) property managed by a homeowners’ association in a condominium project or a subdivision development, which all owners may use and each owns a percentage interest in. 3) lands owned by the government for public (common) use, like parks and national forests.


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Common Property. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 21, 2021 https://payrollheaven.com/define/common-property/.
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Common Property. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/common-property/ (accessed: September 21, 2021).
American Psychological Association (APA):
Common Property. PayrollHeaven.com. Retrieved September 21, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/common-property/

Definition Sources


Definitions for Common Property 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: 27th April, 2020 | 0 Views.