Common Elements
The parts of a condominium owned collectively by all unit owners, such as the lobby, pool, and parking.
Common elements are the portions of a condominium that all unit owners own together, including the lobby, hallways, pool, and parking areas. Each unit owner holds an undivided share of them.
Limited common elements are reserved for the use of specific units, such as an assigned parking space or a storage locker, but are still owned collectively.
On the exam
Exam trap
Tested in
Property Rights (8% of the exam)
From definition to recall
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This definition is Florida real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.