Limited Common Elements
Categories: Wealth
You live in a nudist colony. Your apartment is a private area, but the facility has a lot of common areas: volleyball court, parking lot, swimming pool, hot tub.
However, there are some items in the private area that are exclusive to your use. You’ve got your own private chair by the pool (it has a plaque with your name on it and everything). You’ve got your own parking spot. Limited common elements...or elements in the common area that only allow limited access.