What are Common Areas in Condo Associations or HOAs?

Common areas of the condo association or HOA property, such as stairwells, dividing and outer walls, fitness centers and rooftop gardens, are under shared ownership. Each unit owner holds an interest in these spaces.

In order to manage the maintenance and repair of the shared common areas, every condo development has a condominium association, also known as a unit-owners' association. The association board of directors is elected by condo owners and makes communal decisions in the interest of the community.