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Cost Sharing

An arrangement whereby the different sections of a building contribute pro rata (proportional) payment towards the maintenance, repair and replacement of assets based upon the following types of formulas, which are usually set up in the reciprocal easements:

  • Square footage
  • Number of floors
Typical cost sharing categories
  • joint
  • common
  • tower
  • townhouses
  • residential
  • commercial
  • parkade
The assets that are most commonly subject to some form of cost sharing are:
  • Fire alarm
  • Transformers


See also: