What is NOT considered a common element in shared ownership properties?

What is NOT considered a common element in shared ownership properties?

• A. Parking lots
• B. Fitness centers
• C. Individual units
• D. Lobbies

Answer: (C)

In shared ownership properties, common elements are those features or amenities that are available for use by all owners within the community. Individual units, however, are not considered common elements because they are privately owned spaces exclusive to each owner. Common elements, such as parking lots, fitness centers, and lobbies, serve all residents and are maintained collectively through shared fees or dues. They are integral to the enjoyment and functionality of the community as a whole, distinguishing them from the individual living spaces that belong solely to each owner. Therefore, identifying individual units as not a common element is accurate, as they pertain specifically to a single owner and do not serve the shared purpose that defines common amenities.

In shared ownership properties, common elements are those features or amenities that are available for use by all owners within the community. Individual units, however, are not considered common elements because they are privately owned spaces exclusive to each owner.

Common elements, such as parking lots, fitness centers, and lobbies, serve all residents and are maintained collectively through shared fees or dues. They are integral to the enjoyment and functionality of the community as a whole, distinguishing them from the individual living spaces that belong solely to each owner. Therefore, identifying individual units as not a common element is accurate, as they pertain specifically to a single owner and do not serve the shared purpose that defines common amenities.