Business, Legal & Accounting Glossary
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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This glossary post was last updated: 27th April, 2020 | 0 Views.