Common Parts are segments of Jointly Owned Real Property shown on a Site Plan for shared use by Owners and Occupants. These include structural components like foundations, columns, structural walls, and roofs. They also encompass halls, parking aisl…
Common Parts are segments of Jointly Owned Real Property shown on a Site Plan for shared use by Owners and Occupants. These include structural components like foundations, columns, structural walls, and roofs. They also encompass halls, parking aisles, emergency exits, and equipment for main utilities like electricity and water. Proper identification of these parts is necessary for calculating Service Charges. The management of these areas is usually handled by a specialized Management Entity to ensure the building�s overall safety and sustainability.
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