Which option best describes common property in a condominium?

The best description of common property in a condominium is that it represents parts of the property that are used and enjoyed by all residents collectively. Common property typically includes areas such as lobbies, hallways, swimming pools, gardens, and facilities that homeowners share, making them integral to the living experience in a condominium. The key feature of common property is that it is accessible to all unit owners, fostering community and shared responsibility.

Other options refer to more specific aspects of a condominium or distinct uses. Areas designated for storage, for example, may not necessarily be part of the common property if they are allocated for individual use or are exclusive to certain units. Units leased to tenants represent private ownership rather than shared community resources. Finally, private garages are intended for individual owners and do not fall under the definition of common property, which is meant for collective use. Therefore, the correct option encapsulates the essence of what common property entails within a condominium setting.