Limited Common Expense definition

Limited Common Expense means and refer to expense of administration, maintenance, repair or replacement of Limited Common Properties which shall be assessed against those Lots or Dwelling Units having the exclusive or special rights in the use or enjoyment thereof.

Limited Common Expense means those expenses affiliated with the maintenance, repair, replacement, or reconstruction after casualty of a Limited Common Element, the costs of which are assessed only against the benefiting Unit Owner(s), as authorized by Section 718.113(1) of the Act, and if so provided in this Declaration.

Limited Common Expense means any common expense against one or more, but less than all, of the units.

Examples of Limited Common Expense in a sentence

• Reserves for items serving only certain Lots shall be accounted for and funded solely by the Owners of the Lots served (as a Limited Common Expense).

• Multiculturalism has redefined the nation as comprising a culturally pluralist population.

• The Board of Directors shall also impose a Limited Common Expense charge of twenty-four dollars per golf cart space per year, payable annually, upon units to which a limited common element golf cart space is appurtenant.

• The Condominium Manager shall prepare or cause to be prepared and distribute to all Owners, the Budget which shall include Common Expenses, any Limited Common Expense portion, and Special Assessments, if any, thereof for the initial Fiscal Year of the Condominium and for each Fiscal Year thereafter.

• The cost of maintenance and repair of all automobile parking areas shall be a common expense; provided, however, that to the extent permitted by law, the Board of Directors shall impose a Limited Common Expense charge in the amount of one hundred twenty dollars per automobile parking space per year, payable annually, upon units to which a limited common element parking space is appurtenant.

More Definitions of Limited Common Expense

Limited Common Expense means any common expense against one or more, but less

Limited Common Expense means expenses separately assessed against one or more but less than all of the Units as permitted by the NCA and Section 5.1 of these Bylaws. Except where the context requires otherwise, Common Expenses shall include Limited Common Expenses.

Limited Common Expense means the charge over and above the standard rate that an individual unit owner shall have to meet where his/her individual expense from use of common property exceeds the average /standard rate.

Limited Common Expense includes: expense of maintenance, operation, repair, or replacement of Limited Common Elements.

Limited Common Expense means expenses paid by the Association for the benefit of one or more, but fewer than all, Unit Owners. Limited Common Expenses include, without limitation, public water usage as billed to each Unit, as well as repairs and maintenance to Limited Common element parking spaces which are abused by the Unit Owner.

Limited Common Expense means and refer to expenditures for (i) installation, construction, maintenance, repair, replacement and/or operation services for only a specific set of Lots or Rental Units, including, without limitation, Townhome Lots or Townhome Rental Units, for which the Association is either obligated or permitted to improve, maintain, repair, replace and/or operate, including, but not limited to, any and all improvements from time to time located thereon, (ii) the performance of any and all other services or other obligations required or authorized to be performed by the Association with respect to such specific set of Lots or Rental Units, and (iii) the performance ofany and all other rights and/or obligations which the Association may be required or permitted to perform for such specific set of Lots or Rental Units pursuant to the terms of the Articles, Bylaws, this Declaration or by law, whether set forth herein explicitly or implicitly.

Limited Common Expense means Common Expenses of the Association associated with the maintenance, repair or replacement of the Limited Common Elements or the Units as determined by the Executive Board.