Lot Owners definition
Examples of Lot Owners in a sentence
Any specific percentage of Lot Owners means that percentage of Lot Owners who in the aggregate own such specified percentage of the entire undivided membership in the Association, present and then eligible to vote.
Majority or Majority of the Lot Owners means the owners of more than fifty (50%) percent of the undivided membership in the Association present and then eligible to vote.
Except as provided in this Article VII, the cost of reasonable repair of a Boundary Wall shall be shared equally by adjoining Lot Owners.
Proration for each stockholder tendering shares (other than Odd Lot Owners satisfying clause (1) above) will be based on the ratio of the number of shares tendered by such stockholder at or below the Purchase Price to the total number of shares tendered by all stockholders (other than Odd Lot Owners satisfying clause (1) above) at or below the Purchase Price, subject to the conditional tender provisions described in Section 6.
Lot Owners shall be subject to reasonable monthly or periodic service charges as determined by the provider, utility company and/or State of Washington; Lot Owners may also be required to pay a reasonable hook-up charge to said utilities in the event that they were not installed by Declarant during the initial construction of a Dwelling Unit on any given Lot.