Common Interest Community
/ˈkɒmən ˈɪntrɪst kəˈmjunɪti/
Definitions
- (n.) A real estate development consisting of individually owned units or lots combined with shared common areas and facilities, governed by a homeowners' association or similar entity.
Residents in the common interest community share responsibility for maintaining the community pool and landscaping.
Forms
- common interest community
- common interest communities
Related terms
See also
Commentary
Typically governed by statutes such as the Uniform Common Interest Ownership Act, these communities involve collective governance and shared ownership of common areas.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.