Common expense definition

Common expense means costs incurred by the association to exercise any of the powers provided for in the association's governing documents.

Common expense means the costs incurred by the association to exercise any of the powers provided for in this chapter.

Common expense means costs incurred by the association to exercise any of the

Examples of Common expense in a sentence

• Common expense assessments must be made at least annually, based on a budget adopted at least annually in accordance with the master deed, trust, or by-laws.

• Common expense liability” means the liability for common expenses allocated to each unit pursuant to § 34-36.1-2.07.

• Common expense liability means the liability for common expenses allocated to each unit pursuant to section 76-844.

• As noted above, this can be attributed to the fact that equity has traditionally focused more on the mental element by requiring dishonest involvement.45 By focusing more on moral culpability and less on the responsibility of the third party, a more general question of ‘assistance’ in the breach of an equitable duty is appropriate as opposed to the narrower causal enquiry used elsewhere in private law.

• Common expense obligations are allocated among both the Residential Units and Parking Units.

More Definitions of Common expense

Common expense means the costs incurred by the association to

Common expense means any expense of the association, including allocations to reserves, allocated to all of the unit owners in accordance with common expense liability.

Common expense means any expense of the association,

Common expense means all sums lawfully assessed against an owner of a time-share interval by an association for the expenses of operating and maintaining the time-share project and for other expenses designated by the project instruments.

Common expense means any expense or financial liability of the owners association, including allocations the association designates for reserves.

Common expense means all expenses incurred by the Association for the construction, maintenance, repair, replacement, operation, management and administration of The Project and the Common Property, together with any expenses which are the specific responsibility of an individual Owner which are paid by the Association and charged to the responsible Owner as a Personal Charge for reimbursement.

Common expense means and includes: