- An agreement within a residential building where each unit has access to a shared or common space. The common space typically includes kitchen facilities, a dining area, laundry facilities, and even recreation space. This type of living arrangement is also referred to as co-housing, cooperative housing, or community housing.
common rooms, shared housing, shared space
cooperative housing, cohousing
Related Terms and Acronyms
- Common Areas — Definition,
- Areas of a building or land and the amenities owned (or managed) by a planned unit development, or condominium project's homeowners' association, or a cooperative project's cooperative corporation that are used by all of the unit owners who share in the common expenses of their operation and maintenance. Common areas include swimming pools, tennis courts, and other recreational facilities, as well as common hallways of buildings, parkades, means of ingress and egress, etc.
- Condominium (condo) — Abbreviation,
- A condominium is an apartment building or townhouse complex where the structure and living areas are managed and owned, rather than rented, by the building's tenants.
- A structure of two or more housing units. The interior space of the units are individually owned. The balance of the property (land, building and other amenities) is owned in common by the owners of the individual units.
- Group Home Care — Definition,
- An arrangement where a group of people with disabilities receive both custodial and medical care in a single residence instead of in their own homes, which can be prohibitively expensive.
- Long Term Care Insurance (LTC) — Acronym, Important,
- Insurance that covers health care costs for individuals with chronic or disabling conditions.
- Mixed-income Housing — Definition,
- A neighbourhood whose residents earn widely varying wages and salaries.
- Multi-Family (MF, mfam) — Acronym & Abbreviation,
- A building with more than four residential units.
- Single-Family Detached Home — Definition,
- A house that one family lives in and is not attached to another house (like a duplex).
- Townhouse (town, twnhse, th) — Abbreviation,
- A house that is attached to or built close to other houses.