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.

 

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Kenneth R. Leland Realty, Inc.
226 W. Fountain St.
1-507-373-9586
Fax: 1-507-373-9885
Toll Free: 1-888-373-9596
email: krl@lelandrealty.com
Website: www.lelandrealty.com


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