Florida Community Association Manager Practice Exam

What is a Limited Common Element?

1. Property used by all members of an association

2. Property owned by a member of an association but used by all members

3. Property that only the board of directors can access

4. Property exclusively owned by the association

The correct answer is: Property owned by a member of an association but used by all members

A Limited Common Element refers to a specific type of property within a community association that is designated for the exclusive use of one or more unit owners, while still being owned by the association as a whole. This distinction means that while the property is part of the common area managed by the association, it is limited to certain members who have a right to use it exclusively. Examples of Limited Common Elements include balconies, patios, or parking spaces that serve specific units rather than being available for general use by all residents in the community. This classification is important because it helps define the rights and responsibilities associated with various areas of the property, ensuring that those who enjoy the use of such elements understand their obligations in maintaining and managing them. In contrast, properties that are used by all members of an association or are exclusively owned by the association are classified differently, emphasizing the significance of the usage rights associated with Limited Common Elements.