Sec. 6. “Common profits” means the balance remaining, after the deduction of the common expenses, of all:

(1) income;

Ask a real estate law question, get an answer ASAP!
Thousands of highly rated, verified real estate lawyers.
Specialties include: All Real Estate Law, Landlord and Tenant Law, Foreclosure, Homeowners' Association, Trespassing, Property Law, General Legal and more.
Click here to chat with a lawyer about your rights.

(2) rents;

(3) profits; and

(4) revenues;

from the common areas and facilities.

[Pre-2002 Recodification Citation: 32-1-6-2(j).]

As added by P.L.2-2002, SEC.10.