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Exam term

Common charges

The shared expenses of a condominium. Under § 339-m they generally follow the owners' respective common interests, with authorized special allocations, so equal numbers of units do not necessarily mean equal charges.

Lessons that use this term

  • Trusts, ownership by business organizations, and what cooperative and condominium owners own New York
  • Condominium certificates of occupancy, title, closing costs, and buyer qualification New York

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