Parties
Full legal names and capacities of each party, including the association, individual owners, tenants, and any property management company; include entity type and state of formation for corporations or LLCs.
A concise Property Common Areas Agreement reduces ambiguity about maintenance, cost-sharing, liability, and permitted uses of shared spaces. It creates predictable budgets, assigns repair responsibilities, and supports consistent enforcement of rules across owners and tenants.
These agreements are used by parties that share responsibility for common property and need a documented operating framework.
Clear roles in the agreement reduce disputes, simplify budgeting, and support regulatory or lender requirements where applicable.
The elected board or association officer who signs on behalf of the homeowners association and is authorized to bind the association for assessments, maintenance contracts, and enforcement of common-area rules; typically provides recorded authority or board resolution when requested.
A management company or facility director authorized by the owner or board to accept notices, obtain bids, schedule maintenance, and sign operational documents; must have written delegation of signing authority to validate contract execution.
Full legal names and capacities of each party, including the association, individual owners, tenants, and any property management company; include entity type and state of formation for corporations or LLCs.
Precise property identification (street address, parcel number, and deed reference) so the covered common areas and parcels are unambiguous for enforcement, recording, or lender review.
A detailed list and map of common areas (parking, corridors, roofs, landscaping) that specifies exclusive-use parcels versus shared areas and identifies any time- or purpose-based restrictions.
Who inspects, repairs, and replaces components; maintenance standards, response times for urgent repairs, and responsibility for capital improvements versus routine upkeep.
Method for apportioning costs (pro rata by unit, square footage, or equal share), budget approval procedures, reserve funding, and billing and collection mechanics including late fees.
Procedures for notices, mediation or arbitration steps, governing law selection, and remedies available for breaches, including lien rights or assessment enforcement where permitted by law.
| Field | Configuration |
|---|---|
| Authentication Method | Email link or SMS code; use stronger ID for high-risk parties. |
| Signature Order | Set sequential or parallel signing to control execution order. |
| Notifications | Enable signer and sender notifications and reminders. |
| Storage | Configure secure archival with audit trail retention. |
Use a platform that supports secure signatures, audit trails, and integrations with your document storage and accounting systems.
Ensure the chosen eSignature provider supports audit logs, optional advanced signer authentication where needed, and native exports to your records system for long-term retention and compliance.
Date agreement begins; use MM/DD/YYYY format.
30 days' written notice for non-urgent repairs commonly used.
Annual budget adopted at least 30 days before fiscal year.
Notice and vote requirements typically 14–30 days depending on bylaws.
Specify periodic review (annually or every 3 years).
Draft and circulate proposed terms among stakeholders for comment.
Obtain board or owner approvals and any required votes or resolutions.
Collect signatures, notarizations, and any witness attestations.
Begin maintenance schedules, billing, and record distribution.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes | Yes | Yes | Yes | Varies |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
A board updates a common-areas agreement to add EV-charging stations
A landlord and tenant clarify loading-dock hours and parking allocations