Common areas

Commercial property & real-estate term

Portions of the property and buildings owned by a condominium corporation or planned unit development (PUD) homeowners' association, or a cooperative development's association that are available for the use of all unit owners. Also used in rental properties to refer to those facilities for the use of all tenants.

Part of the Commercial Property glossary — plain-English definitions of the terms you meet when leasing, buying or selling commercial space in South Africa. See also our how-to guides.

More terms under “C”

Carrying charges (costs) Capital expenditure Cash-out refinance Convey Commercial lease agreement Commercial property Cap rate Collateral mortgage

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