Common expense definition
Common expense means costs incurred by the association to exercise any of the powers provided for in the association's governing documents.
Common expense means the costs incurred by the association to exercise any of the powers provided for in this chapter.
Common expense means costs incurred by the association to exercise any of the
Examples of Common expense in a sentence
The Board shall acquire, as a Common expense, comprehensive public liability insurance against claims and liabilities arising in connection with the ownership, existence, use or management of the property in amounts deemed sufficient in the judgment of the Board, insuring the Developer and Unit Owners, individually and severally, the Board, the Unit Owner Association, the Management Agent, and their respective employees.
More Definitions of Common expense
Common expense means the costs incurred by the association to
Common expense means any expense of the association, including allocations to reserves, allocated to all of the unit owners in accordance with common expense liability.
Common expense means any expense of the association,
Common expense means all sums lawfully assessed against an owner of a time-share interval by an association for the expenses of operating and maintaining the time-share project and for other expenses designated by the project instruments.
Common expense means any expense or financial liability of the owners association, including allocations the association designates for reserves.
Common expense means all expenses incurred by the Association for the construction, maintenance, repair, replacement, operation, management and administration of The Project and the Common Property, together with any expenses which are the specific responsibility of an individual Owner which are paid by the Association and charged to the responsible Owner as a Personal Charge for reimbursement.
Common expense means and includes: