What does Common Area mean? Read on to discover the definition & meaning of the term Common Area - to help you better understand the language used in insurance policies.
A common area is a portion of a property that is shared and used by multiple residents. This would include areas like the lobby of an apartment building, the parking lot of a condominium building, or a shared pool and exercise room in a housing complex. Furthermore, in this context, any area that is not specifically private property may be considered a common area.
We hope the you have a better understanding of the meaning of Common Area.