Common Interest Subdivision at Real Estate Glossary
What is it? A subdivision in which the owners own or lease a separate lot or unit together with an undivided interest in the common areas of the subdivision. (See common areas, subdivision)Real Estate Definition Added By: Adam
The Common Interest Subdivision definition has been viewed 534 Time(s)!
Send To Friends!
If you'd like to send the Common Interest Subdivision definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Common Interest Subdivision. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Real Estate Terms:
Real Estate Term Strict Liability is An owner of a property is responsible to an injured party without excuse. (See liability)Real Estate Term Combination Trust is A trust that participates in real estate investments as both financier and investor.
Real Estate Term Holdback is Funds not released under a construction loan agreement due to a failure to lease to the required minimum.
Real Estate Term Rumford Act is Californias fair housing law. (See Fair Employment and Housing Act)
Real Estate Term Fixer-upper is A house that needs refurbishment or remodeling It usually sells at a below-market price.