Examples of Neighborhood Assessment in a sentence
Notwithstanding any provision of this Declaration, the Articles or By-Laws to the contrary, prior to the Turnover Date, Declarant shall not be obligated for nor subject to any Regular Assessment or Neighborhood Assessment for any Lot that it may own, nor shall it be responsible for any Special Assessment except those to which Declarant shall consent in writing.
Unless the Board otherwise provides, the Base Assessment and any Neighborhood Assessment shall be due and payable in advance on the first day of each fiscal year.
Sixty (60) days after the giving of such notice or sixty (60) days after the Turnover Date, whichever first occurs, each Lot owned and/or controlled by Declarant shall thereafter be assessed at 100% of the Regular and Neighborhood Assessment level established for Lots owned by Regular Members; provided, however, Declarant shall continue to not be responsible for any reserves or for any Special Assessments for compliance, services, fines or improvements not consented to in writing by Declarant.
All costs of maintenance pursuant to this paragraph shall be assessed as a Neighborhood Assessment only against the Units within the Neighborhood to which the services are provided.
Unless the Board otherwise provides, the Common Assessment and any Neighborhood Assessment shall be paid in one annual installment.
All costs associated with maintenance, repair, replacement and insurance of Exclusive Common Areas shall be assessed against the Owners of Units in only those Neighborhoods that are benefited thereby as a Neighborhood Assessment, as defined herein.
Upon the approval of such request by the Board of Directors, the Association shall provide such services and the cost of such services shall be assessed against the Units in that Neighborhood as a Neighborhood Assessment pursuant to this Declaration.
The Board shall cause a copy of such budget and notice of the amount of the Neighborhood Assessment to be levied on each Unit in the Neighborhood for the coming year to be delivered to each Owner of a Unit in the Neighborhood at least thirty (30) days prior to the beginning of the fiscal year.
All costs of maintenance pursuant to this paragraph shall be assessed as a Neighborhood Assessment against only those Units within the Neighborhood to which the services are provided.
The first annual Base Assessment and Neighborhood Assessment, if any, levied on each Unit shall be adjusted according to the number of months remaining in the fiscal year at the time assessments commence on the Unit.