common property

Collectively owned resource

Common property refers to resources or assets owned collectively rather than by individuals.

In law, it typically describes shared spaces in apartment buildings or housing developments—hallways, pools, parking areas: The homeowners association maintains the common property.

In broader use, common property can mean anything belonging to everyone: Clean air should be common property.

Opposites
ownership type

common propertyprivate property

Individually owned assets

individual ownership · personal property · sole ownership · private ownership · freehold

access and exclusion

common propertyenclosure

Confined, bordered space

exclusive rights · private land · proprietary rights · members-only · proprietary

Family

common, property

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G