Limited common elements definition
Examples of Limited common elements in a sentence
Such systems and facilities shall be located in the Verizon Units or in the Limited Common Elements appurtenant to the Verizon Units.
The Unit A Owner and the Verizon Units Owner agree that all of the electrical loads associated with the General Common Elements will be disconnected from that portion of the Building electrical system constituting Verizon Unit Limited Common Elements and reconnected to that portion of the Building electrical system constituting Unit A Limited Common Elements.
All inspection fees, appraisal fees, survey fees, engineering fees and other costs and expenses of any kind incurred by Purchaser or Purchaser’s Representatives relating to such inspection, testing, investigation or surveying of the Purchaser’s Unit, the Limited Common Elements appurtenant thereto or the General Common Elements shall be borne solely by Purchaser.
In the event such withdrawal is authorized, the Condominium shall be subject to an action for partition by any Unit Owner as if owned in common, in which event the net proceeds of sale shall be divided among all Unit Owners in proportion to their respective Percentage Interests in the General Common Elements and/or Limited Common Elements; provided, however, that no payment shall be made to a Unit Owner until all liens on its Unit have been satisfied in full in the order of priority of the liens.
In the event of any loss covered by such insurance that relates in whole or in part to insurable improvements forming part of a Unit, or of the Limited Common Elements, the Board may assess to the applicable Unit Owner, as an additional special assessment of Unit Expenses, all or part of such deductible amount, in an amount directly proportional to the amount of such loss related to such Unit improvements, or to such Limited Common Elements, as applicable.