Common profits definition

Common profits means the balance of all income, rents, profits and revenues from the common areas and facilities remaining after the deduction of the common expenses;

Common profits means the amount by which the total income received from any of the following exceeds expenses allocable to the particular income, rental, fee, or charge:

Common profits means the balance of all income, rent, profits and revenues from the common elements remaining after the deduction of the common expenses.

Examples of Common profits in a sentence

• Common profits from whatever source shall be applied to the payment of Common Expenses.

• CHAPTER VCOMMON PROFITS, COMMON EXPENSES AND OTHER MATTERS Common profits, Common expenses and other matters.

• CHAPTER VII COMMON PROFITS, COMMON EXPENSES AND OTHER MATTERS Common profits, common expenses and other matters Apartment owner not to be exempt from liability for contribution by waiver of the use of the common areas and facilities 18.

• Common profit and expenses.- (1) The Common profits of the property shall be distributed among, and the Common expenses shall be charged to, the Apartment owners according to the percentage of the undivided interest of the Apartment owners in the Common areas and facilities.

• Common expenses and Common profits under the Maharashtra Apartment Ownership Act, 1970.

More Definitions of Common profits

Common profits means the balance of all income, rents, profits, and revenues from the common elements or other property owned by the association remaining after the deduction of the common expenses.

Common profits. ' means all income collected or accrued by or on behalf of the unit owners' association, other than income derived from assessments pursuant to RSA 356- B:45.

Common profits means the balance of all income, rent, profit and revenue from the common area and facilities, remaining after the deduction of the common expenses ;

Common profits means the balance of all income, rents,

Common profits means the excess of all receipts of assessments and other payments to the Board of Governors, including insurance proceeds and condemnation awards after the deduction of all Common Expenses and amounts reserved for payment of Common Expenses.

Common profits means all income collected or accrued by or on behalf of the association other than income derived from assessments pursuant to Code Section 44-3-80.

Common profits means the excess of all receipts of the rents, profits and revenues from the common elements remaining after the deduction of the common expenses.