Definition from Nolo’s Plain-English Law Dictionary
A type of housing, composed of individually owned units, such as condominiums, townhouses, or single-family homes, that share ownership of common areas, such as swimming pools, landscaping, and parking. Common interest developments (also known as community interest developments or CIDs) are managed by homeowners' associations.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm