Common use of Exempt Property Clause in Contracts

Exempt Property. All properties dedicated to and accepted by a local public authority. The common areas, and all properties owned by the developer shall be exempt from the assessment created herein, except no land improvements devoted to dwelling use shall be exempt from said assessments.

Exempt Property. All The following Property subject to the Declaration shall be exempt from the assessment created therein: all properties dedicated to and accepted by a local public authority. The common areasHowever, and all properties owned by the developer shall be exempt from the assessment created herein, except no land or improvements devoted to dwelling use shall be exempt from said assessments.