What term is used for shared spaces within a condominium that all residents can access?

The term "Common Elements" refers to shared spaces within a condominium that all residents can access. These areas are collectively owned by all unit owners and are essential for the overall functioning and enjoyment of the condominium community. Common Elements typically include hallways, lobbies, swimming pools, and gardens. They serve as communal spaces providing residents with facilities and recreational opportunities, fostering a sense of community among residents.

Each residential unit owner has a stake in these Common Elements, and their maintenance and management are often overseen by the condominium’s board of directors or management company. This ensures that the shared spaces remain in good condition and available for all to enjoy. The existence of Common Elements plays a vital role in creating a cohesive living environment, as they encourage social interaction and shared responsibility among residents.

In contrast, the other options do not accurately describe the nature of these shared areas. Private Areas refer to the individual living spaces owned by the residents, while Shared Resources and Community Zones might imply similar concepts but are not the specific legal term used in condominium governance.