Condominium Fees Sample Clauses
The Condominium Fees clause defines the obligation of a property owner to pay regular fees associated with the maintenance and operation of common areas and shared facilities within a condominium development. These fees typically cover expenses such as landscaping, building repairs, security, and amenities, and are usually collected by the condominium association on a monthly or quarterly basis. By clearly outlining the responsibility for these payments, the clause ensures that all owners contribute fairly to the upkeep of shared spaces, preventing disputes and maintaining the property's overall condition.
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Condominium Fees. Lessor agrees to pay all condominium fees assessed by the applicable Condominium Association established, or to be established, within the Office Condominium Development, in strict accordance with any payment schedule that has, or may be prescribed by the Condominium Association, and any failure to make such payment shall constitute a default under this lease. Lessee shall reimburse Lessor for only the increase, if any, in the condominium fee over the Base Year 2011, which is currently $368.81 per month.
Condominium Fees. Tenant shall pay when due all condominium fees and assessments, including any special assessments.
Condominium Fees. The Vendor estimates the initial monthly common expense contribution for the Unit to be $ . Initial
Condominium Fees. Tenant shall pay 100% of the condominium fees for the ▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇. Current condominium fees for both units are $978.84 per month. An example of which serves to indicate the present monthly rent, is as follows: Base rent ($62,328.00) $5,194.00 R.E. Tax $1,788.60 Condo fees $ 978.84 --------- Total: $7,961.44
Condominium Fees. In addition to all amounts which Purchaser is obligated to pay at settlement, Purchaser will also deposit with Seller at settlement for transmittal to the Council of Unit Owners of the Condominium:
(i) a portion of the monthly installment of the then current common expense assessment(s) of the Condominium attributable to the Unit, prorated to the date of settlement, and the next month's payment of such assessments paid in advance;
(ii) an initial working capital contribution in an amount equal to two (2) times the monthly installment of the then current common expense assessment(s) attributable to the Unit, such amount being in addition to and not in lieu of common expense assessments levied by the Council of Unit Owners of the Condominium as they thereafter regularly or specially accrue. Such payments are non-refundable.