Real Estate Glossary



  Common Area Assessments

Levies against individual unit owners in a condominium or planned unit development (PUD) project for additional capital to defray homeowners' association costs and expenses and to repair, replace, maintain, improve, or operate the common areas of the project.

 

[ Back To Real Estate Glossary ]

© 2008 Century 21 Real Estate LLC.
CENTURY 21 ® is a registered trademark licensed to Century 21 Real Estate LLC.
Equal Housing Opportunity.


Our Exclusives | Co-op/Condo | Search MLS | Rentals | Buyer/Seller Info | Market Analysis | Dream Home Finder | Our Agents | Contact Us | Mortgage Calculator | Mortgage Rates | Home

Website design and hosting by iHOUSE ®

Site Admin Menu