Common Area Assessments

Concept of Common Area Assessments in the context of Real Property

A short definition of Common Area Assessments: The levies (assessments) charged to owners of condominiums or planned unit developments for the cost of common area maintenance and home owner association costs.

Concept of Common Area Assessments in the context of Real Property

A short definition of Common Area Assessments: The levies (assessments) charged to owners of condominiums or planned unit developments for the cost of common area maintenance and home owner association costs.