Condominium Maintenance definition

Condominium Maintenance means the use of the Maintenance Fund for regular maintenance, periodic repair, and unexpected repair of the housing and construction equipment associated with that Condominium in order to maintain the quality of the Condominium in accordance with the Law.
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Examples of Condominium Maintenance in a sentence

  • Upon Approval by the Board, all assessments levied and collected in accordance with this Declaration, with the exception of those assessments set forth in SubSection (b) hereof, shall be deposited in an account(s) clearly designed as the Condominium Maintenance Fund Account(s).

  • The Facility Operator shall provide to the Board on a monthly basis or as otherwise requested an accounting, on a line item basis of all expenditures from the Condominium Maintenance Fund Account and the Condominium Reserve Fund Account, with a reconciliation against the budgeted amount for each line item on a year-to-date basis.

  • Upon sale or transfer of any interest in a Unit by any Unit Owner, said Unit Owner's interests in the Condominium Maintenance Fund Account and in the Condominium Reserve Fund Account shall thereupon automatically be transferred to said Unit Owner's successor or transferee.

  • As an owner of a Unit within Residential Condominium Parcel No. 3, and as a member of the Homeowners Association, you are subject to the payment of common expense assessments (Condominium Maintenance Fee) as provided in the Master Deed of Greenleaves Retirement Community Condominium No. 3.

  • The first is the monthly Condominium Maintenance Fee, mentioned in II.A. above, which covers the maintenance of the common areas and facilities of the condominium.

  • All rental payment shall be accompanied by payment for monthly Condominium Maintenance fees (presently $600.00 per month, 1/12 of the annual Real Property Tax (presently $800.00 per month and all applicable sale taxes (presently 7%) Rent shall be payable in lawful money of the United States to Lessor at: ▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇.

  • As hereinbefore indicate d, the foregoing housekeeping, special transportation, and other special services (Section II C.2. above) are available upon separate fee arrangements The charges for these services will be billed and paid separately or with your Monthly Condominium Maintenance Fee: Charges for all services will be adjusted from time to time to reflect the costs of providing the same, including a reasonable management fee.

Related to Condominium Maintenance

  • Condominium project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Condominium Plan means a plan described in Section 4285.

  • Condominium unit A Single Family Property within a Condominium Project.

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under §175A of the CAA, as amended.