Average Floor Area definition
Average Floor Area for the relevant accommodation apartment means the average Floor Area of all accommodation apartments in the Retirement Village that are of the same Apartment Type that applies to the relevant accommodation apartment.
Examples of Average Floor Area in a sentence
The Average Floor Area and Total Average Floor Area are determined as set out in clause 5.8. The Maintenance Reserve Fund Contribution will vary over time according to changes in repair and maintenance costs and projected requirements of the Maintenance Reserve Fund, and may vary according to anticipated annual occupancy rates.