CPR (C.P.R., cpr)
1. Condominium property regime.
A common abbreviation used in real estate listings and documents.
A condominium property regime is a form of ownership of real property where the owner has title to a specific dwelling unit as well as an undivided interest in a proportion of the common areas as a tenant in common.
2. Commissioner's Public Report.
The Commissioner's Public Report is a disclosure document issued by the Arizona Department of Real Estate (ADRE) which allows a developer or subdivider to sell lots within a platted, recorded subdivision. Also known less formally as the public report, this document is issued only after the extensive subdivision application has been approved and the subdivision has been physically inspected. A demonstration of a 100-year water supply may also be required.
Added: Wed Jul 02 2008