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 the costs incurred by the association to

Examples of Common expense in a sentence

• Common expense categories include commission and brokerage fees, general administrative expenses, loss adjustment expenses, other acquisition expenses, policyholder dividends, residual market expenses, statutory assessment expenses, cost of reinsurance, and taxes, licenses, and fees.

• Common expense assessments shall be the personal obligation of the unit owner at the time when the common expense assessment or other charges become due.

• The Executive Board is authorized to obtain appraisals periodically for the purpose of establishing the actual case value of the property, and the cost of such appraisals shall be a Common expense.

• The following motion was made by Gary M, seconded by Dave: “ Amend the 209 budget line item descriptions to replace ‘Spring Planting’ with ‘City NIP Match Fund’ and “Capital Improvements Reserve Fee’ to ‘Reserve Fund Fee’.” It wasdiscussed that the Reserve Fund fee is a Common expense Fee as defined in the Declaration.

• Assessments Secured: Common expense assessments based on periodic budget adopted that would have become due in the absence of acceleration d.

More Definitions of Common expense

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

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: