Calculation of Land Lessee's Share of Appreciation in Market Value of the Improvements Sample Clauses

Calculation of Land Lessee's Share of Appreciation in Market Value of the Improvements. For the purpose of determining the Purchase Option Price, Land Lessee's Share of Appreciation in Market Value of the Improvements shall be determined by multiplying the Appreciation in Market Value of the Improvements by a Shared Appreciation Factor as defined herein. During the first 15 years of this Land Lease, the Shared Appreciation Factor shall be twenty-five percent (25%). During each of years 16 through 20 of this Land Lease, the Shared Appreciation Factor shall be increased by one percent (1%) up to a maximum of thirty percent (30%). Beginning in the twentieth year of this Land Lease and continuing until its termination, the Shared Appreciation Factor shall be 30%. Following is a table for calculating Land Lessee's Share of Appreciation in Market Value of the Improvements: Appreciation in Market Value of the Improvements $ Multiplied by the Shared Appreciation Factor X Equals the Land Lessee's Share of Appreciation in Market Value of the Improvements = $
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  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

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