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5 '0 SIDE SETBACK47 '5 “58 '3 “26 '43 4 “COMMON AREA 03 2221 SF33 '0 “11 '0 “10 '0 “2 '43 4 “22797 SE 14TH ST UNIT 16 FFE 557.00COMMON AREA 01 2258 SFP KG STRUCTURE 2 FFE 553.00 5 STALLION.
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Common area 03 refers to the designated section in a property shared by multiple owners or tenants for common use, such as parking lots, lobbies, or recreational areas.
The property manager or owner of a building with shared common areas is usually responsible for filing common area 03.
Common area 03 can be filled out by providing details on the maintenance, usage, and expenses related to the shared common areas in a property.
The purpose of common area 03 is to provide transparency and accountability in the management of shared common spaces within a property.
Information such as expenses incurred for maintenance, repairs, utilities, insurance, and improvements on shared common areas must be reported on common area 03.
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