Estimated Operating Budget Sample Clauses
Estimated Operating Budget. Purchaser understands that the estimated operating budget (the "Budget") contained in the Condominium Documents, which includes amounts necessary for payment of the Association's common expenses, only provide an estimate of what it will cost to run the Association during the period of time stated in the Budget. The Association may be required to make changes in the Budget from time to time to cover increases or decreases in actual expenses or in estimates based on information subsequently developed or received. The provisions of this Section ▇▇.▇▇. shall survive Closing.
Estimated Operating Budget. Fees - Purchaser shall be obligated to pay to Cooperative monthly fees and charges to cover the costs of maintenance, taxes, insurance premiums and other services provided by the Cooperative to residents of Penobscot Shores. Monthly fees shall vary from unit to unit based on the level of service provided to occupancy for each unit. Monthly fees for different levels of services offered from time to time shall be set annually by Cooperative's Board of Directors, and shall be subject to increase in the event actual expenses exceed estimates. The current monthly fee for the Unit is listed in the table on page 1.
Estimated Operating Budget. Purchaser understands that the estimated operating budgets for the Condominium Association (the “Budget”) contained in the Condominium Documents provide only an estimate of what it will cost to run the Condominium Association during the period of time stated in the Budget. Neither the monthly Assessments for the Unit nor the Budget are guaranteed. Turnover of control of the Association has not yet occurred. Seller recently acquired control of the board of directors of the Association and is working prepare an estimated operating budget for the to the current fiscal year Seller is not responsible for the preparation of estimated operating budgets for previous fiscal years. Purchaser acknowledges that the Budget was not prepared by Seller and that the expenses included in the Budget are beyond control of the Seller.