Limited Common Expenses definition

Limited Common Expenses means the expenses arising from the maintenance or repair of the Limited Common Elements for which the Unit Owners to which the Limited Common Elements are appurtenant shall be liable to the Association. Limited Common Expenses may include, but not be limited to, the expenses of maintenance, operation, repair, replacement, rehabilitation, restoration, renovation, and betterment of the Limited Common Elements; and expenses declared to be Limited Common Expenses by the provisions of the Condominium Documents, as the same may be amended, from time to time, in accordance with the provisions thereof.

Limited Common Expenses means expenses separately assessed against more than one but less than all of the condominium units generally in accordance with the use of the services.

Limited Common Expenses 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 the Act, and if so provided in this Declaration.

Examples of Limited Common Expenses in a sentence

• The budget shall reflect the separate assessment of Limited Common Expenses.

• Each unit owner shall pay the common expenses, including Limited Common Expenses, assessed by the Board of Directors pursuant to the provisions of Section 5.1 hereof.

• Limited Common Expenses, if any, shall be assessed only against the property within the Community for the benefit of which such Limited Common Expenses are incurred, and in such amounts or at such rates as Declarant shall provide in an amendment hereto or supplemental declaration recorded in the land records for Pamlico County, North Carolina, with respect thereto.

• Any expenses designated in a Supplementary Declaration as Limited Common Expenses shall be paid by the Owners of Lots subject thereto.

• Our principal executive offices are located at 14701 Philips Highway, Suite 300, Jacksonville, Florida 32256, and our telephone number is (904) 644-7670.

More Definitions of Limited Common Expenses

Limited Common Expenses means expenses separately assessed against more than one but less than all of the condominium units generally in accordance with the use of the services, as permitted by subsection 11-110(b)(2) of the Condominium Act and Section 5.1 of these Bylaws. Except where the context requires otherwise, common expenses shall include Limited Common Expenses.

Limited Common Expenses means and refer to Common Expenses benefiting one or more but less than all of the Owners and assessed against the Lots benefited pursuant to Deed Section V.5(a)(2).

Limited Common Expenses means Common Expenses assessed against fewer than all Owners, in such amounts or at such rates as Declarant shall provide in an amendment to this Master Declaration or a supplemental declaration recorded in the land records for Pamlico County, North Carolina, with respect thereto.

Limited Common Expenses means those expenses affiliated with the

Limited Common Expenses means all expenses identified as such under Section 5314(c) of the Act and/or as described in the Community Documents.

Limited Common Expenses means (a) the Common Expenses associated with the maintenance, repair or replacement of a Limited Common Element that shall be assessed against the Units to which that Limited Common Element is assigned equally, or in proportion to the relative Common Expense Liabilities of such Units as between themselves, as the Executive Board may periodically determine, and in accordance with Section 1603-115 (c)(l) of the Act; and (b) the Common Expenses for services benefiting fewer than all the Units, which are assessed exclusively against the Units benefited generally in accordance with the use of such services as permitted by Section 1603- 115(c)(2) of the Act, as determined by the Executive Board.

Limited Common Expenses means Common Expenses benefiting one or more but less than all of the Owners or Subassociations and assessed against the Lots owned by the Owners or Subassociations benefited pursuant to paragraph (2) of Subsection 6.2(a).