Allocated interests definition

Allocated interests means the following interests allocated to each unit:

Allocated interests means the undivided interest in the common elements, the common expense liability, and votes in the association allocated to each unit.

Allocated interests means the following interests allocated to each unit: (i) in a condominium, the undivided interest in the common elements, the common expense liability, and votes in the association; (ii) in a cooperative, the common expense liability and the ownership interest and votes in the association; and (iii) in a planned community, the common expense liability and votes in the association.

Examples of Allocated interests in a sentence

• Allocated interests means the undivided interest in the common elements, the common expense liability, and votes in the association allocated to each unit.

• Any such special assessment shall be set against each Lot in accordance with the Allocated interests set forth in this Declaration; provided, however, that any costs incurred by the Association with regard to Limited Common Elements or as a result of negligent, reckless or willful actions of a particular Owner (or his agents, servants, guests, tenants, or invitees) shall be borne by the Owner of the affected Lot(s).

• Upon acquisition, unless the decree otherwise provides, that Unit’s Allocated interests of those Units before the taking, and the Association shall promptly prepare, execute, and record an amendment to the Declaration reflecting the reallocation.

• Allocated interests means the following interests allocated to each unit: (i) in a condominium, the undivided interest in the common elements, the common expense liability, and votes in the association; (ii) in a cooperative, the common expense liability and the ownership interest and votes in the association; and (iii) in a planned community, the common expense liability and votes in the association.

• The fractions of ownership in the General Common Elements so allocated to the respective Units are based upon the interest arbitrarily assigned by Developer to each Unit, and do not necessarily reflect or represent the selling price or actual value of any Unit.Texas Uniform Condominium Act §82.003(a) (2) "Allocated interests" means the undivided interest in the common elements, the common expense liability, and votes in the association allocated to each unit.

More Definitions of Allocated interests

Allocated interests means the following interests allocated

Allocated interests means the common expense liability and votes in the association allocated to each lot.

Allocated interests means the undivided interest in the

Allocated interests means the undivided interests in the common elements, the common expense liability and votes in the association allocated to each unit;[PL 1981, c. 699 (NEW).]

Allocated interests means the undivided interests in the

Allocated interests means the following interests allocated to each unit: (i) In a condominium, the

Allocated interests means the undivided interest in the Common Elements and the Common Expenses Liability and the votes in the Association allocated to each of the Units in the Resort. The formulas used to establish the Allocated Interests are described in Section 4. The Allocated Interests for each Unit are set forth in attached Exhibit B.