Limited Common Expenses definition

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.

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

Limited Common Expenses means those expenses affiliated with the

Examples of Limited Common Expenses in a sentence

In such event, each Unit Owner will pay the Management Company directly for all costs and expenses associated with providing and billing for the Additional Services to that Unit Owner on a monthly or more frequent basis, as determined by the Management Company; Management Company shall have no responsibility for the costs and expenses thereof, nor shall any such cost be a Common Expense or Residential Limited Common Expenses.
Additionally, the costs to maintain the Condominium in such a manner, and otherwise in accordance with the Zoning Regulations, shall be part of the Common Expenses or Residential Limited Common Expenses.
Such budget shall include Common Expenses and Limited Common Expenses and shall serve as the basis of Assessment of the Lots.
Notwithstanding the forgoing, the Declarant may determine to provide in a Supplementary Declaration that a Civic Lot is not subject to the full Assessment at the rate provided hereunder, in which case the Assessment against such Civic Lot shall be deducted from the total budget for Common Expenses (excluding Limited Common Expenses) and the remainder shall be allocated among the Lots subject to Assessment hereunder as provided herein.
The Residential Limited Common Expenses shall not however, Include, any necessary repairs, maintenance, replacements or alterations to the structural components of the Building or any roofing or waterproofing membranes of the Building.

More Definitions of Limited Common Expenses

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 expenses separately assessed against more than one (1) 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 all expenses identified as such under Section 5314(c) of the Act and/or as described in the Community Documents.

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 the Common Expenses described as such in Section 3314 (c) of the Act as modified by Article III of this Declaration.

Limited Common Expenses means all expenses of the type included within the term Common Expenses, but that are related solely and specifically to Limited Common Property. Limited Common Expenses shall be paid out of assessments against Members who own Lots in the particular phase or section or portion of the Subdivision for or in which the associated Limited Common Property has been established. All references in the Declaration to Common Expenses in the context of Limited Common Property are deemed to refer to Limited Common Expenses for the applicable Limited Common Property.