Common Areas: Land or improvements in a condominium development designated for the use and benefit of all residents, property owners and tenants. Common areas frequently include such amenities as corridor or hall areas, elevators, parks, playgrounds and barbecue areas, which are sometimes called green belts. In shopping centers, the common areas are parking lots, malls and traffic lanes.

 

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Common Areas: Land or improvements in a condominium development designated for the use and benefit of all residents, property owners and tenants. Common areas frequently include such amenities as corridor . . . View Full Definition

Common Interest Subdivision: A subdivision in which the owners own or lease a separate lot or unit together with an undivided interest in the common areas of the subdivision.

Common-Base-Year Analysis: Value of outstanding common shares at par, plus accumulated retained earnings. Also called shareholders' equity.

Common-Size Analysis: The representing of accounting information over multiple years as percentages of amounts in an initial year.