Common Property
/ˈkɑːmən ˈprɒpərti/
Definitions
- (n.) Property owned collectively by a group, rather than by any individual member exclusively, often referring to rights in land or resources held in common.
The villagers have rights to use the common property for grazing their livestock.
- (n.) Co-owned property within condominium or cooperative housing arrangements, encompassing shared spaces and facilities.
The swimming pool is part of the common property managed by the condominium association.
Related terms
Commentary
Common property often implies collective rights and responsibilities, requiring clear legal definitions to delineate individual use and governance.
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.