Limited Common Expense definition

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

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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

Management Company shall provide valet parking services for Unit Owners who own a Unit or Condominium tenants who lease parking spaces in the Condominium garage (in lieu of the Unit Owner) and may assess such Unit Owners and/or their tenants guests and invitees a valet parking fee to cover the cost of the valet parking service, subject to the terms of the Condominium Documents and/or may charge any costs of same as a Common Expense and/or Residential Limited Common Expense.
The cost of such insurance for Common Area shall be a Common Expense or, if applicable, a Limited Common Expense assessed against such Lots as provided in the Supplementary Declaration for such Common Area.
Management Company shall provide concierge services to Unit Owners pursuant to the Brand Agreement, STR (as hereafter defined), and the Standard, all at the Association’s sole cost as a Common Expense and/or Residential Limited Common Expense.
The Board may purchase such other insurance as it determines is necessary or advisable as a Common Expense or as a Limited Common Expense, as appropriate.
Management Company shall provide concierge services to Unit Owners pursuant to the Brand Agreement, STR (as hereafter defined), and the Standard, all at the Association's sole cost as a Common Expense and/or Residential Limited Common Expense.

More Definitions of Limited Common Expense

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

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 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.

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

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 of