A Shared Use PropertyShared Use PropertyProperty subject to Shared Use Documents: benefiting the Property by granting the right to use Essential Elements on common areas created by, or other properties subject to, the Shared Use Documents, and/or burdening the Property by: subjecting it to: property-use or other…’s amenities, common areas or infrastructure:

• impacting or essential to the:
  • operation,
  • use,
  • value and marketability,
  • leasing,
  • refinancing, and/or
  • zoning or legal compliance; and
• examples of Essential Elements may include:
  • parking,
  • roadways,
  • utility easements, and
  • amenities such as
    • laundry facilities,
    • clubhouses,
    • pools,
    • playgrounds,
    • tennis courts,
    • fitness clubs, and
    • recreational facilities.