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 Board of Directors for the Association (the “Board”) will approve a budget of the estimated Common Expenses each year and send it to the Owners for approval.

  • Because there are very few Common Elements, we anticipate the Common Expenses and associated reserves will be low.


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 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 and includes:
Common Expenses means expenditures made or liabilities incurred by or on behalf of the association, together with any allocations to reserves.
Common Expenses means all expenditures lawfully made or incurred by or on behalf of the unit
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.