Neighborhood Assessments definition

Neighborhood Assessments means assessments levied against the Units in one or more particular Neighborhoods to fund Neighborhood Expenses, as more particularly described in this Declaration.

Neighborhood Assessments means assessments levied against the Lots and Dwelling Units in a particular Neighborhood or Neighborhoods to fund Neighborhood Expenses, as more particularly described in Sections 1 and 3 of Article X of these Amended and Restated Covenants.

Neighborhood Assessments means assessments levied against the Units in a particular Neighborhood or Neighborhoods to fund Neighborhood Expenses, as described in Article VII, Section 4.

Examples of Neighborhood Assessments in a sentence

• If the Board determines that Regular Assessments or Neighborhood Assessments for the then current year are or will become inadequate to meet Common Expenses for any reason, it shall determine the estimated amount of such inadequacy and levy a Special Assessment against each Lot and Owner responsible for such Assessment.

• Regular Assessments and Neighborhood Assessments shall commence as to all Lots on the first day of the month following the conveyance of the first Lot by Declarant to any Owner other than an affiliate of Declarant.

• The Board may, in its discretion, establish reserve accounts funded from Regular Assessments or Neighborhood Assessments in reasonable amounts for such purposes and in such categories as are determined by the Board.

• Regular Assessments and Neighborhood Assessments as to Lots brought under the Declaration pursuant to Section 2.02 shall commence on the first day of the month following the conveyance of the first Lot therein by Declarant to any Owner other than an affiliate of Declarant.

• Each Owner, by acceptance of a deed to his or her Unit, acknowledges that all Common Assessments and Neighborhood Assessments levied hereunder are annual assessments due and payable in advance on the first day of the fiscal year; however the Board may permit any assessment to be paid in installments.

More Definitions of Neighborhood Assessments

Neighborhood Assessments. Assessments levied against the Lots in a particular Neighborhood or Neighborhoods to fund Neighborhood Expenses, as more particularly described in Sections 10.1 and 10.4.

Neighborhood Assessments means assessments levied in accordance with Section 9.7 below.

Neighborhood Assessments means and refer to assessments levied against Lots and Dwellings in a particular Neighborhood to fund Neighborhood Expenses.

Neighborhood Assessments means Assessments levied against the Units in a particular Neighborhood or Neighborhoods to fund Neighborhood Expenses. Any Neighborhood Assessment shall be levied equally against all Units in the Neighborhood(s) benefiting from the services supported thereby, provided that in the event of Assessments for exterior maintenance of structures, or insurance on structures, or replacement reserves which pertain to particular structures, such Assessments for the use and benefit of particular Units shall be levied equitably among the benefited Units in the manner determined by the Board of Directors in its sole discretion.

Neighborhood Assessments means Assessments for Neighborhood Expenses

Neighborhood Assessments means assessments levied against the Lots in a particular Neighborhood or Neighborhoods to fund Neighborhood Expenses, as more particularly described in Article XI, Section 1 or this Declaration.

Neighborhood Assessments. Assessments levied in accordance with Section 9.4. "Neighborhood Expense" The actual and estimated expenses which the Association incurs or expects to incur for the benefit of Owners within a particular Neighborhood or Neighborhoods, which may include a reasonable reserve for capital repairs and replacements and a reasonable administrative charge, as may be authorized pursuant to this Declaration or in the Supplementary Declaration(s) applicable to such Neighborhood(s).