Meaning common property
What does common property mean? Here you find 14 meanings of the word common property. You can also add a definition of common property yourself
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common propertyArea of building, land or amenities within a strata title property that are shared by all owners, eg: a driveway.
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common propertysee property
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common propertyAreas of property that are used by and belong jointly to all owners of a property. This applies to such property as apartment blocks or multi-dwelling complexes.
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common propertyCommon property refers to real property that is held by two or more persons with no right of survivorship. Each has an "undivided interest" in the property and all have an equal right to use [..]
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common propertySee site.
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common propertyIn a strata scheme, it is all the areas of land and buildings not included in any lot. The property is owned jointly by all the unit owners in each strata. There is a separate title for the common property, distinct from the title held by each individual unit owner.
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common propertyland and other resources over which individuals or communities have specific common rights. Common property refers to co-ownership rights which cannot be divided, alienated or developed without the u [..]
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common propertyThat part of the land and buildings shown on a strata plan that is not part of a strata lot. Each strata lot includes ownership of a fractional share of the common property within the strata property, [..]
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common propertyProperty, either immovable or moveable, belonging to two or more owners pro indiviso, ie in an undivided manner with no separation of shares. Each co-owner may sell his undivided share. In matters of [..]
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common propertyLand in a community title or strata title scheme which is defined on the relevant community plan or strata plan and for which a certificate of title is issued in the name of the community corporation or strata corporation.
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common propertyIn a strata scheme, it is all the areas of land and buildings not included in any lot. The property is owned jointly by all the unit owners in each strata. There is a separate title for the common pro [..]
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common propertyAll areas within a strata plan which are not part of any lot and is owned by the owners corporation (all the owners collectively).
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common propertyn. 1) real property owned by "tenants in common," who each have a...
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common propertyProperty owned by two or more parties.
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