Residential Limited Common Elements definition
Examples of Residential Limited Common Elements in a sentence
Under the Declaration, Seller reserves the right to utilize the Common Elements for ingress and egress, for the exercise of any of Seller’s reserved rights under the Declaration, for access to parking spaces (other than the Commercial Limited Common Elements) and model units within the Project, and in order to show the Residential Limited Common Elements to prospective purchasers.
This section shall not apply to any such conversion made as a result of the exercise of any right reserved by the Declarant in this Declaration to assign and create Residential Limited Common Elements in Residential Parking Spaces or Storage Lockers.
The Managing Agent shall have the authority, subject to the provisions of the Declaration and Bylaws, to assume control and responsibility for the fiscal and administrative management of the Project, at the expense of the Association, as the physical manager for the Residential Units and appurtenant Residential Limited Common Elements and the administrative and fiscal manager of the Project.
The cost of any such Brand Agreement shall be part of the Common Expenses and/or Residential Limited Common Elements.
Initial Commercial Owner makes no representation or warranty whatsoever, whether express or implied, with respect to any Residential Units, Residential Limited Common Elements, buildings or other improvements made by Seller, nor has Initial Commercial Owner authorized any other party to make any such representation or warranty, and such other parties are without legal authority to make any such representation or warranty.
The Residential Units, their undivided interest in the General Common Elements, the Residential Limited Common Elements and the Individual Limited Common Elements as set forth in Exhibits B and C to the Declaration shall comprise the “Residential Development” portion of the Project.
Except for the easement areas on the Trace North Property, which shall be maintained by the Trace North Condominium Association pursuant to the Trace North Easements, the Residential Subassociation shall maintain and repair the Residential Limited Common Elements.
Little agrees that, upon the expiration or termination of this Agreement for any reason whatsoever, all drawings, designs, specifications, notebooks, tracings, photographs, negatives, reports, findings, recommendations, data and memoranda of every description, arising out of and/or relating to Services rendered under this Agreement, are to become the property of Remington and Remington shall have the exclusive right to copyright or publish such materials.
All of the parking spaces in the Building and twenty (20) of the parking spaces in the southwest corner of Level P1 of the Trace North Garage are Residential Parking Spaces and all of the Storage Lockers are Residential Limited Common Elements.
The reserve contribution fee is not an advance payment of future maintenance fee assessments, but rather is intended to fund the Association’s working capital fund, or the Association’s reserve fund for maintenance of or improvements to the capital items in the Residential Limited Common Elements.