Examples of Improved Parcel in a sentence
In the event any improved Parcel becomes subject to the terms of this Declaration subsequent to January 1 of any year, the annual assessment shall be prorated as of the date of issuance of the Certificate of Occupancy.
The term "improved Parcel" shall mean any Parcel (exclusive of Parcels upon which the Developer has constructed a model home) for which a Certificate of Occupancy for a single-family dwelling has been issued.
With respect to any special assessments, only those improved Parcels that are subject to the terms of this Declaration as of the date on which the Board of Directors of the Association levies the special assessment shall be liable for such special assessment, and such special assessment shall not be charged to nor be a lien against any improved Parcel subsequently made subject to this Declaration.
All assessments levied by the Association, whether annual or special, shall be on the basis of one (1) share per improved Parcel so that each owner of an improved Parcel shall bear an equal pro rata share of the expenses of the Association.
Every assessment shall be the personal obligation of the Member who is the owner of the improved Parcel against which the assessment is levied, ownership being determined as of the date of such levy.