Examples of Limited Common Expense in a sentence
Identification of Risks Pertaining to Abandoned Housing Projects in Nigeria: Journal of Construction Engineering.
Any additions, alterations or improvements costing one percent of the total annual assessment for common expenses for that fiscal year or less during any period of twelve consecutive months may be made by the Board of Directors without approval of the unit owners and the cost thereof shall constitute a common expense or Limited Common Expense, depending on the nature of the additions, alterations or improvements.
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.
Maintenance of the Common Elements and structural repair of the Limited Common Elements is the responsibility of the Association, but is charged as a General Common Expense or a Limited Common Expense, as the Declaration provides.
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.