Common Expenses definition

Common Expenses means expenditures made by or financial liabilities of the association, together with any allocations to reserves.

Common Expenses means and include all expenses for the maintenance, management and upkeep of the Buildings, the Common Area/Portions, and the Premises and also the expenses for Common Purposes of the Unit Owners and shall be payable proportionately by the Purchaser periodically as part of maintenance charges.

Common Expenses shall include the proportionate share of common expenses briefly described and without limitation in Schedule [F] herein to be paid borne and contributed by the Allottee for rendition of common services;

Examples of Common Expenses in a sentence

• The Owners of the Lots are bound to contribute toward the costs and expenses set forth in Article XVI hereof, including without limitation the General Common Expenses, as assessed from time to time by the Board of Directors or its successor, and toward any other expenses lawfully agreed upon, in proportion to their ownership interests, as shown on Exhibit D.

• The Allottee also admit and accept that apart from the above, the Maintenance Agency/Association shall also be entitled to withdraw, withhold, disconnect or stop all or any services, facilities and utilities to the Allottee and/or the said Flat Unit including water supply, electricity, user of lift etc., in case of default in timely payment of the Maintenance Charges, Electricity Charges, Municipal taxes, Common Expenses and/or other payments by the Allottee after giving 15 days notice in writing.

• For the purpose of payment of the proportionate Common Expenses and maintenance charges by the Allottee, the area shall be the sum total of the Built-up Area and Proportionate Common Area which is Square feet more or less.

• Thereupon, such Lot or Lots, and the Owners thereof, shall be immediately and automatically divested of any interest in the Condominium Project, the Land, and the Association, including, without limiting the generality of the foregoing, divestment of an undivided interest, vote, membership in the Association, and liability for General Common Expenses.

• Except as may be subsequently modified consistent with the foregoing, the Annual Assessments to be levied hereunder for the coming Fiscal Year against each Residential Property subject to Assessment shall include a computation of the budgeted Common Expenses for the Common Area, divided by the number of Lots and Units within the Property (the resulting figure shall be the "Assessment per Lot/Unit").

More Definitions of Common Expenses

Common Expenses means expenditures made by or financial

Common Expenses means expenditures made or liabilities incurred by or on behalf of the Association, together with any allocations to reserves.

Common Expenses means and includes:

Common Expenses means all expenditures lawfully made or incurred by or on behalf of the unit owners' association, together with all funds lawfully assessed for the creation and/or maintenance of reserves pursuant to the provisions of the condominium instruments.

Common Expenses means expenditures made or liabilities incurred by or on behalf of the association, together with any allocations to reserves.

Common Expenses means and include all operational expenses, including but not limited to expenses towards maintenance, management, upkeep and administration of the Common Areas and Service Installations and for rendition of services in common to the Co-Owners, and all other expenses for the common purposes of the Building/Tower, to be contributed, borne, paid and shared on actual by the Co-Owners and also for the common areas as described in Schedule “B” and “C” hereunder written.

Common Expenses means the proposed or actual expenses affecting the property, including reserves, if any, lawfully assessed by the Board of Managers of the Unit Owner's Association.