common property

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Common ownership refers to holding the assets of an organization, enterprise or community indivisibly rather than in the names of the individual members or groups of members as common property.
Forms of common ownership exist in every economic system. Common ownership of the means of production is a central goal of communist political movements as it is seen as a necessary democratic mechanism for the creation and continued function of a communist society. Advocates make a distinction between collective ownership and common property as the former refers to property owned jointly by agreement of a set of colleagues, such as producer cooperatives, whereas the latter refers to assets that are completely open for access, such as a public park freely available to everyone.

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    WA Property Law - Boundary Wall on Common Property - Who Pays?

    On this strata titled land, all external areas have been designated as common property (including the individual unit's court yards). Only the buildings themselves have been defined as being owned by the owners. The front unit had an issue with an unapproved patio in their court yard and...
  2. Loui

    WA Local council wants to restrict our park access

    Hi folks, I'm so glad I found you, I'm really hoping you can give me some advice. I live in a strata title community in Perth, and our common property borders the local park. We always assumed that the alleyway through the middle of our complex was for public access to the park - there is a...
    • Loui
    • Thread
    • common property council property law strata title
    • Replies: 6
    • Forum: Property Law Forum
  3. P

    VIC Unit Block and Common Property

    Hi, I live in a block of units where (a) all yards and balconies are common property, and (b) some common property areas are only accessible via private property - for example, a shared storeroom off another owners garage. This property was built several decades ago and presumably the planning...
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