Examples of Common Area in a sentence
CONSIDERATION OF APARTMENT") TOTAL Apartment /Flat /Office Unit No. Floor Block – N/A Carpet Area of the Unit (Excluding Balcony Area) Covered Area Share of Common Area Cup Board Area Built up Area Super Built up Area (30% over Built up Area) Rs. /- Flat Mutation, Apportionment & Assessment in the Name of the Buyer/Allottee Rs. As Applicable /- Total Extras and Deposits Rs. As Applicable /- However the GST as applicable shall be charged on the Total Consideration, payable by the Purchaser / Allottee.
The Tenant shall be required to pay prorated CAM fees for their share of the entire property: (check all that apply) ☐ - Real Estate Taxes ☐ - Property Insurance ☐ - Common Area Maintenance (CAMs) ☐ - Other.
For the purpose of payment of the proportionate Common Expenses and maintenance charges by the Purchaser, the chargeable area shall be the sum total of the Built-up Area and Proportionate Common Area which comes to Square feet more or less.
Tenant shall reimburse Landlord for its share of the insurance as part of the Common Area Maintenance (CAM) defined below.