Common use of COMMON FEATURES Clause in Contracts

COMMON FEATURES. For purposes of this section, a common feature gen- erally includes any real property (as defined in § 1.263A–8(c)) that benefits real property produced by, or for, the taxpayer or a related person, and that is not separately held for the produc- tion of income. A common feature need not be physically contiguous to the real property that it benefits. Exam- ples of common features include streets, sidewalks, playgrounds, club- houses, tennis courts, sewer lines, and cables that are not held for the produc- tion of income separately from the units of real property that they ben- efit.