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Commodity
Any article bought and sold. Basic items or staple products.

Common area
The area in a housing or condominium development that is owned by all residents.

Common area assessments
Fees paid by a housing or condominium development, which are used to maintain, operate or repair common areas.

Common area charges
Fees that all tenants or owners must pay for the cost of maintaining common areas.

Common bond
Brickwork design using stretchers with either full headers or Flemish headers every sixth course.

Common brick
The standard clay brick, which is made of, burned clay, shale or clinker.

Common elements
The parts of a condominium that are owned by all of the unit owners.

Common law
Laws based on custom, usage and rulings of courts in various jurisdictions.

Common lumber
Usually used in areas where perfection of appearance is not very important, these boards have some imperfections and knots.

Common nail
Used for general carpentry, common nails have a smooth shank with a flat head and are available in a variety of lengths.

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