What are the common elements typically described as?

Common elements in a community association often refer to the shared spaces and facilities that all members have access to, such as parks, pools, and clubhouses. These elements are typically owned collectively by the association, allowing for maintenance and regulation through the governing documents of the community.

Describing common elements as owned by the association highlights that the responsibility for maintenance and management falls under the jurisdiction of the homeowners' association rather than individual homeowners. This establishes a clear understanding of property rights and responsibilities.

Including the description of common elements in the reserve study is essential for planning future expenses related to maintenance and repairs. A reserve study provides a financial plan to ensure that funds are available when needed for these shared assets, which helps maintain the value and condition of the community.

The declaration, which is a legal document that outlines the rights and obligations of the association and its members, also defines common elements. This ensures that there is clarity in ownership and management as well as in the rules governing their use.

Therefore, stating that all of these aspects are true reinforces the comprehensive understanding of common elements and underscores the interconnectedness of ownership, financial planning, and legal definition in community associations.