Meaning of common property

com'mon prop'erty

Pronunciation: [key]
  1. property belonging to all members of a community.
  2. someone or something regarded as belonging to the public in general: The personal lives of celebrities often become common property.
  3. information that is commonly known; common knowledge: His secret was soon common property.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.