Limited Assessment means a charge against a particular Owner for an expense directly attributable to the Owner, equal to the cost incurred or estimated to be incurred by the Association in connection with corrective action or maintenance, repair, replacement and operation activities performed pursuant to the provisions of this Declaration, including correcting damage to or maintenance, repair, replacement and operation activities performed for any Common Area for the failure of an Owner to keep the Owner’s Lot in proper repair, and including interest thereon as provided in this Declaration or for any goods or services provided by the Association benefiting less than all Owners.
Limited Assessment means an assessment levied against an Owner by the Association for costs and expenses incurred by the Association for corrective action performed pursuant to this Declaration, which is required as a result of the willful or negligent actions or omissions of such Owner or such Owner’s family members, tenants, guests, contractors, agents or invitees.
Limited Assessment means Assessments as described in Section 7.4 of this Declaration.
Examples of Limited Assessment in a sentence
The Association may levy against any Owner a Limited Assessment equal to the costs and expenses incurred by the Association, including legal fees, for corrective action performed pursuant to the Declaration, which is required as a result of the willful or negligent actions or omissions of such Owner or such Owner’s tenants, guests, contractors, or invitees.
He serves on the Boards of Directors of SAJE Logistics Infrastructure Limited, Assessment Recoveries Limited, and ADVANTUM (Port Computer Services Limited.
More Definitions of Limited Assessment
Limited Assessment means an Assessment by the Association against some, but less than all, of the Owners for common expenses arising out of or related to a particular project or effort undertaken by the Association that benefits (or primarily benefits) some, but less than all, of the Owners. Limited Assessment is further described in Section 4.3.
Limited Assessment means a charge against a particular Owner and such Owner's Lot directly attributable to the Owner, equal to the cost incurred by the Association in connection with corrective action or maintenance, repair, replacement, and operation activities performed pursuant to the provisions of this Declaration, including without limitation, damages to
Limited Assessment means a charge against a particular Owner and such Owners Building Lot, directly attributable to the Owner, equal to the cost incurred by the Association for corrective action performed pursuant to the provisions of this Declaration or any Supplemental Declaration, including interest thereon as provided in this Declaration or a Supplemental Declaration.
Limited Assessment. Limited Assessment shall mean a charge against a particular Owner and such Owners Building Lot, directly attributable to the Owner, equal to the cost incurred by the Association for corrective action or maintenance, repair, replacement and operation activities performed pursuant to the provisions of this Declaration or any Supplemental Declaration, including, without limitation, damage to or maintenance, repair, replacement and operation activities performed for any Common Area or the failure of an Owner to keep the Owner’s Building Lot in proper repair, including interest thereon as provided in this Declaration or a Supplemental Declaration or for nay goods or services provided by the Association benefiting less than all Owners.
Limited Assessment means an assessment levied against an Owner by the Association for costs and expenses incurred by the Association for the construction, installation, maintenance, repair and replacement of Common Area and/or Limited Common Area, and equipment and facilities located thereon, including any corrective action necessitated due to damage by the negligent or willful acts or omissions of any Owner or occupant of a Unit who is occupying a Unit with the consent, either express or implied, of such Owner, as more particularly described in Section 9.7 herein.
Limited Assessment means a charge against a particular Owner and such Owner's Building Lot, directly attributable to the Owner, equal to the cost incurred by the Master Association or Local Association in connection with corrective action performed pursuant to the provisions of this Master Declaration or any Supplemental Declaration, including interest thereon as provided in this Master Declaration or a Supplemental Declaration.
Limited Assessment means: (a) a charge against a particular Owner for an expense directly attributable to such Owner, equal to the cost incurred or estimated to be incurred by the Association in connection with corrective action or maintenance, repair, replacement and operation activities performed pursuant to the provisions of this Declaration, including correcting damage to or maintenance, repair, replacement and operation activities performed for any Common Area, Limited Common Area, or Maintenance Property; or (b) a charge against one or more Owners, but less than all Owners, for the purpose of paying costs and expenses for goods or services provided to those Owner or Owners being charged where such goods and services do not benefit all Owners, in each event including interest thereon as provided in this Declaration.