Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Limited Common Elements
FreddieMac
Updated 10-31-2026
Limited Common Elements
Limited Common Elements are portions of Common Elements reserved for use by one or more unit owners but not all unit owners. Limited Common Elements are defined in the Project Documents, and may include, but are not limited to, balconies or patios serving a single unit, assigned parking spaces or storage bins.
FreddieMac Glossary
FreddieMac · p. 24
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