Limited Common Expense definition

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 and refer to the expense of administration, operation, maintenance, repair or replacement of Limited Common Properties or Limited Common Areas 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 any common expense against one or more, but less than all, of the units.

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.

More Definitions of Limited Common Expense

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

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

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 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.