Date of Commencement of Annual Assessments; Due Dates. The annual Assessments shall commence as to all Lots on the first day of the month following the conveyance of the first Lot to a Purchaser. The first annual Assessment shall be adjusted according to the number of months remaining in the fiscal year of the Association. The Board may require that the annual Assessment be paid in installments as provided in Section 4.3(G) above, and in such event the Board shall establish the due dates for each installment. The Association shall, upon demand, and for a reasonable charge, furnish a certificate signed by an officer of the Association or the Association’s designated agent setting forth whether the Assessments on a specified Lot have been paid.
Date of Commencement of Annual Assessments; Due Dates. The annual assessments provided for herein shall commence as to all Lots on the first day of the month following the conveyance of the Common Area. The first annual assessment shall be adjusted according to the number of months remaining in the calendar year. The Board of Directors shall fix the amount of the annual assessment against each Lot at least thirty (30 days in advance of each annual assessment period. Written notice of the annual assessment shall be sent to every Owner subject thereto. The due dates shall be established by the Board of Directors. The Association shall, upon demand, and for a reasonable charge, furnish a certificate signed by an officer of the Association setting forth whether the assessments on a specified Lot have been paid. A properly executed certificate of the Association as to the status of assessments on a Lot is binding upon the Association as of the date of its issuance.
Date of Commencement of Annual Assessments; Due Dates. The annual assessment provided for herein shall commence as to all apartments on the first (1st) day of the month following the conveyance of the Property. The first annual assessment shall be adjusted according to the number of months remaining in the calendar year. The Board of Administration shall fix the amount of the annual assessment against each Apartment at least thirty (30) days in advance of each annual assessment period. Written notice of the annual assessment shall be sent to every Co-owner subject thereto. The due dates shall be established by the Board of Administration. The Regime shall upon demand at any time furnish a certificate in writing, signed by an officer of the Regime, setting forth whether the assessments on a specified Apartment have been paid. A reasonable charge may be made by the Board for the issuance of these certificates. Such certificates shall be conclusive evidence of payment of any assessment therein stated to have been paid. Section 8: Effect of Non-Payment of Assessments; Remedies of the Regime. Any assessments which are not paid within thirty (30) days after the due date, the assessment shall bear interest from the date of delinquency at the rate of six (6%) per cent per annum, and the Regime may bring an action at law against the Co-owner personally obligated to pay the same or foreclose the lien against the property, and interest, costs, and reasonable attorney’s fees of any such action shall be added to the amount of such assessment. No Co-owner may waive or other-wise escape liability for the assessments provided for herein by nonuse of the Common Elements or abandonment of his Apartment. Section 9: Effect of Default in Payment of Taxes or Assessments for Public Improvements by Regime. It shall be further provided that upon default by the Regime in payment to the governmental authority entitled thereto of any taxes levied against the Common Elements and the Property or assessments for public improvements to the Common Elements and the Property, which default shall continue for a period of six (6) months, each Co-owner of an Apartment in the development shall become personally obligated to pay to the taxing or assessing governmental authority a portion of such unpaid taxes or assessments in an amount determined by computing the share due said governmental authority in relation the Co-owner’s Apartment value as set in the Master Deed. If such sum is not paid by the Co- owner within thirty (30) days following receip...
Date of Commencement of Annual Assessments; Due Dates. (a) The Association's Board of Directors shall send written notice of the annual assessment and the amount of such assessment to every member subject thereto at least thirty (30) days in advance of each annual assessment. Unless otherwise provided by the Association's Board of Directors, the entire amount of the annual assessment for each Residential Unit shall become due and payable to the Association on the 1st day of November of each year and shall be paid to the Association without further notice from the Association; provided however that in the event the Board of Directors shall fail to send written notice of the annual assessment to members at least thirty (30) days prior to the annual assessment period the payment for the annual assessment shall not be due until thirty (30) days after such notice is given; the failure to notify thirty (30) days prior to the annual assessment period shall not however reduce the amount of the assessment due and payable. The annual assessment shall be established on a calendar year basis and shall commence as to each member when he becomes a member pursuant to Section 2 of Article 3. The first annual assessment payable to the Association with respect to a Residential Unit shall be adjusted according to the number of days remaining in the calendar year following the date a member becomes a member.
Date of Commencement of Annual Assessments; Due Dates. The annual Assessments shall commence as to each Condominium Unit on the first day of the month following the conveyance of the Condominium Unit to an Owner. The first annual Assessment shall be prorated according to the number of months remaining in the calendar year. The annual Assessments shall commence for Condominium Units contained in each phase of Additional Land annexed to the Land on the first day of the month following the recording of the Declaration of Annexation incorporating them into the Land, and shall be prorated according to the number of months remaining in the calendar year. Assessments shall be collected on a periodic basis as the Board of Directors may determine from time to time, but until the Board directs otherwise, Assessments shall be payable monthly in advance on the first day of each calender quarter.
Date of Commencement of Annual Assessments; Due Dates. The ----------------------------------------------------- annual assessments provided for herein shall commence as to each part of the Property, other than those owned by the Declarant, at such time as the Declarant shall designate. The Board of Directors shall fix the amount of the annual assessment against each part of the Property at least thirty (30) days in advance of each annual assessment period; provided, however, that the failure of the Board of Directors to fix the annual assessment as above provided shall be conclusively deemed to be an election by the Board of Directors to continue in effect the annual assessment made for the preceding annual assessment period. Written Notice of the annual assessment shall be sent to every Owner subject thereto. The due dates of the annual assessment shall be established by the Board of Directors. The Association shall, upon demand, and for a reasonable charge, furnish a certificate signed by an officer or designated agent of the Association setting forth whether the assessments have been paid.
Date of Commencement of Annual Assessments; Due Dates. The Annual assessments provided for herein shall commence October 1, 1985. The initial annual assessment shall be computed at a rate of $0.05 per square foot per Lot, prorated for the period October 1, 1985 through December 31, 1985. Thereafter, annual assessments shall be at such rate as the Association may fix, shall be determined on a calendar year basis, and may be billed monthly, quarterly, or annually in advance by the Association. The Board of Directors of the Association shall, without vote of the membership, have the power to increase the annual assessment by the greater of: (a) five percent (5%) over the prior year’s assessment; or (b) the percentage increase in CPI during the last full twelve month period preceding the setting of assessment for which such statistic is available. Membership approval of sixty percent (60%) or more in interest shall be required to increase the annual assessment except as herein specifically authorized by the Board of Directors. The annual assessment rate set forth above shall apply to all Lots which have been sold or leased by Declarant or which have been improved by a structure and opened for business or whichever event first occurs. All “unoccupied Lots,” defined herein to be all Lots owned by Declarant, which have not been leased to another or improved by a structure and opened for business shall be assessed at a rate of one-third (1/3rd) the annual assessment rate provided for above.
Date of Commencement of Annual Assessments; Due Dates. The annual assessments provided for herein shall commence as to all Lots owned by Class A Members as of January 1.
Date of Commencement of Annual Assessments; Due Dates. The annual assessments provided for in this paragraph shall commence as to all Lots on the date (which shall be the first day of the month) fixed by the Board of Directors of the Association to be the date of commencement. Each subsequent annual assessment shall be imposed for the year beginning January 1 and ending December 31. The annual assessments shall be payable in advance in annual or semi-annual installments if so determined by the Board of Directors of the Association. The first annual assessment shall be adjusted according to the number of months remaining in the calendar year. The Board of Directors shall fix the amount of the annual assessment against each Lot at least 30 days in advance of each annual assessment period. Written notice of the assessments shall be sent to every Owner subject thereto. The Association shall, upon demand and for a reasonable charge, furnish a certificate signed by an officer of the Association setting forth whether the assessments on a specified Lot have been paid. A properly executed certificate of the Association as to the status of assessments on a Lot is binding upon the Association as of the date of its issuance. Notwithstanding anything herein to the contrary, as long as Class B Membership exists, as to unoccupied Lots owned by Declarant, Declarant may elect not to pay the annual assessment on each such unoccupied lot. Should Declarant so elect not to pay the assessment, Declarant shall pay all costs incurred by the Association in accomplishment of the purposes set forth in paragraph 5(b) hereof, in excess of the total amount collected by the Association through all assessments. Declarant may at any time revoke this election and place itself in the position of being obligated to pay the full impact of all assessments for each Lot owned by the Declarant at the time said revocation is presented to the Association.
Date of Commencement of Annual Assessments; Due Dates. (a) Subject to Section 4.8 below, the annual assessments provided for herein shall commence as to all Class A Lots on the first day of the month following the completion of construction of the common roadway, by evidence of a completion letter issued by the County of Sarasota, Florida, whether or not the Common Area improvements are completed. The first annual assessment shall be adjusted according to the number of months remaining in the calendar year.
