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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Claire Black Slotton, Broker Associate,
Coldwell Banker Doug Arnold Real Estate
505 Second Street
Davis, CA 95616
Claire@iClaire.com
www.iClaire.com
(530)756-2887, (530)759-4409 pager


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