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Common Property Use
Common property use refers to the shared use and ownership of property or resources by multiple parties, where no single individual or entity has exclusive control. Instead, all owners or members have rights to access and use the property collectively, and they share responsibility for its maintenance and management.
Key points about common property use include:
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Joint Ownership: Common property is owned collectively by multiple entities, such as residents in a condominium, members of a homeowners' association, or tenants in common. Each party holds an undivided interest in the property, meaning they share rights and responsibilities equally or proportionally.
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Shared Access and Use: The property is accessible to all owners or members for their use. Examples include hallways, elevators, lobbies, driveways, recreational facilities in a strata or condominium complex, or natural resources like public lands and water bodies owned by a community or government.
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Limited Individual Control: Because ownership and use are shared, no single party has exclusive control over the property. Decisions about the property’s use, maintenance, and improvements are typically made collectively, often through a governing body such as a homeowners' association or strata corporation.
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Exclusive Use Common Property: Some common property areas may be designated for exclusive use by specific owners (e.g., assigned parking stalls, balconies, patios). These areas remain common property but are leased or allocated for the exclusive use of particular unit owners, with terms defined in bylaws or agreements.
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Purpose and Benefits: Common property arrangements promote cooperation, sustainable management of shared resources, and foster a sense of community among owners or users. They ensure essential infrastructure and amenities are maintained for the benefit of all stakeholders.
In summary, common property use is the collective right and responsibility of multiple owners or members to access, use, and maintain property or resources that are jointly owned, with mechanisms in place to manage shared interests and sometimes allocate exclusive use rights within the common framework.