Examples of Common Charges in a sentence
Lender may increase the amount required to be maintained on deposit in the Common Charges Account to the amount Lender reasonably deems necessary to reflect any increases in the Common Charges due under the Condominium Documents.
In making any payment relating to Common Charges, Lender may do so according to any xxxx, statement or estimate procured from the Board of Directors or Condo Association without inquiry into the accuracy of such xxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof.
During any year, Landlord, from time to time, may revise its estimate of the Common Charges which will be due for that year and the monthly payments to be made by Tenant on account thereof.
Tenant shall pay $666.67 per month toward its share of such Common Charges.
Landlord’s failure to provide such statement by the date provided under this Section shall in no way excuse Tenant from its obligation to pay Tenant’s Share of the Common Charges or constitute a waiver of Landlord’s right to xxxx and collect Tenant’s Share of Common Charges from Tenant in accordance with this Section.