What term describes the reserved parking spaces and garages in a NC condominium project?

The term that accurately describes the reserved parking spaces and garages in a North Carolina condominium project is "Exclusive rights areas." This term refers to specific parts of the property that are designated for the exclusive use of certain unit owners, allowing them to exercise control over these areas. In the context of condominiums, these exclusive rights are vital for maintaining individual ownership privileges alongside shared common areas, which are used collectively by all residents.

In a condominium setting, typical common areas include hallways, lobbies, and recreational facilities, while exclusive rights areas pertain to spaces like designated parking spots and individual garages that specific unit owners can use without interference from others. Recognizing this distinction is key for understanding ownership dynamics within condominium developments.

On the other hand, "Limited condo areas" and "Shared special assessments" are terms that do not accurately encapsulate the nature of reserved spaces in a condo context. "Areas owned by the condominium owners association" refers more broadly to common areas maintained by the association rather than specific spaces assigned for individual use. This understanding reinforces the importance of clarity about the ownership and usage of different areas within a condominium project.