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It seems pretty clear that when the language states on the "ON THE PROPERTY" it includes (i) the common areas, (ii) the limited common areas, and (iii) the units. Contained within the definition of common elements is reference to property “specifically reserved or limited to a particular unit or group of units,” i.e. limited common elements. The Act defines limited common elements as “those common elements which are for the use of one or more specified units to the exclusion of other units.”N.J.S.A. §46:8B-3(k).
So the shared garage is technically a "limited common element" and not a unit.