Proportionate Common Area Sample Clauses
The Proportionate Common Area clause defines how shared spaces within a property, such as lobbies, hallways, or amenities, are allocated among tenants or owners based on their respective share or occupancy. Typically, this clause specifies the method for calculating each party's proportionate interest, often tied to the size of their leased or owned unit relative to the total property. By establishing clear guidelines for sharing common area costs and responsibilities, the clause ensures fairness and transparency, preventing disputes over maintenance fees or usage rights.
Proportionate Common Area. The proportionate share of the Common Areas attributable to the Designated Apartment is undivided Square feet more or less.
Proportionate Common Area. The proportionate share of the Common Areas attributable to the Apartment/Unit.
Proportionate Common Area. The proportionate share of the Common Areas attributable to the Designated Apartment. Proportionate to the total area of the land proportionate to the total area of construction.
Proportionate Common Area. The proportionate share of the Common Areas attributable to the Unit is undivided Square feet more or less.
Proportionate Common Area. The proportionate share of the Common Areas (other than said Land) attributable to the Designated Property is undivided Square feet more or less.
Proportionate Common Area. The proportionate share of the Common Areas attributable to the Designated Apartment is undivided proportionate share to be calculated more or less.