Cartoon Guy Holding Stack Of Books

Concurrent Condition

ABC Blocks

1) real property owned by “tenants in common,” who each have an “undivided interest” in the entire property. 2) property managed by a homeowners’ association in a condominium project or a subdivision development, which all owners may use and each owns a percentage interest in. 3) lands owned by the government for public (common) use, like parks and national forests.

Was This Term Helpful?

0 out of 0 found this helpful


Still got a question or concern?

Click here to contact us or go back to the main Glossary page.