What does limited common property refer to?

Prepare for the Gold Coast CAM License Exam with engaging flashcards and multiple choice questions. Each question includes hints and explanations to help you excel in your exam!

Limited common property specifically refers to certain areas or elements within a community or property that are designated for the exclusive use of one or more members, rather than being accessible to all members of the association. This designation typically includes features like balconies, garages, or patios that belong to specific units but are not part of the privately owned interior of those units.

The distinction is important in community management and governance, as it allows members to enjoy certain amenities or areas that are allocated to them while still being part of the overall common property of the association. Understanding this concept helps in grasping how shared resources are managed and allocated within larger residential communities.

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