shared property

Commonly held possession

Shared property is something owned jointly by multiple parties.

In real estate, it often refers to common areas in condominiums or housing developments—hallways, pools, parking lots—maintained collectively by residents.

In divorce or business dissolution, shared property must be divided: They disagreed over how to split the shared property.

In programming, shared properties are attributes accessible across multiple objects or instances.

Opposites
ownership exclusivity

shared propertyprivate property

Individually owned assets

individual ownership · personal property · separate property · sole ownership · sole proprietorship

access and use rights

shared propertyexclusive access

Permission limited to few

Family

share, property

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Used worldwide · Timeless · Everyday, not technical · Rated G