common interest development

common interest development
A type of housing, composed of individually owned units, such as condominiums, townhouses, or single-family homes, that share ownership of common areas, such as swimming pools, landscaping, and parking. Common interest developments (also known as community interest developments or CIDs) are managed by homeowners' associations.
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.

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