Article (31) addresses developers who use Common Facilities for profitable commercial purposes, which requires DLD approval. In such cases, the developer must deposit a percentage of the net profits into the Usage Charges account within ten days. Th…
Article (31) addresses developers who use Common Facilities for profitable commercial purposes, which requires DLD approval. In such cases, the developer must deposit a percentage of the net profits into the Usage Charges account within ten days. This percentage is determined by a resolution from the Director General. This ensures that the community benefits from the commercial exploitation of shared areas, helping to offset the costs of maintaining those facilities.
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