What is a characteristic of common interest ownership?

Shared responsibility for common areas is indeed a characteristic of common interest ownership. In common interest ownership communities, such as condominiums and homeowner associations, individuals own their specific units or lots but share ownership and responsibilities for communal areas and facilities. This includes aspects like landscaping, pools, gyms, and roads within the community.

The shared responsibility is vital for the maintenance and operation of these common areas, promoting a sense of community and collaboration among owners. Collective decision-making is typically governed by community rules or by-laws that outline how these shared spaces are maintained and used, further emphasizing the interdependence among property owners in these types of arrangements.