Annual Assessments means any amount that each owner of property within Royal Oaks Subdivision is required to pay and that are, or may be, secured by a continuing lien upon the Property against which the Dues are assessed.
Annual Assessments means and refer to the Annual General Assessment and any Services Assessment which may be levied by the Association in each of its fiscal years pursuant to Article IV of this Declaration.
Annual Assessments means and refer to the assessment described in Article V.
Examples of Annual Assessments in a sentence
Annual Assessments and dues are based on and determined by the annual Common Expense budget as adopted and approved herein.
More Definitions of Annual Assessments
Annual Assessments means those Assessments designated as such in this Declaration and computed and levied as provided in Section 8.5.
Annual Assessments means the Assessments levied pursuant to Section
Annual Assessments means and refer to annual fees and/or assessments levied by the Association for costs incurred in connection with the maintenance of Common Properties and the promotion of the recreation, health, safety and welfare of the residents of the Subdivision, including but not limited to, the payment of taxes and insurance premiums, the cost of anticipated repairs, replacements and additions, and the cost oflabor, equipment, materials, management and supervision. The Assessment Year shall start on the 1st day of January of each year or such other date as may be designated by the Association by written notice to the Members.
Annual Assessments means and refer to those fees or charges levied by the Association upon the Owners of Lots for the purpose of adequately meeting Common Expenses.
Annual Assessments means those assessments or other charges which are levied or assessed by the Association (as hereinafter defined) on an annual basis against each Owner (as hereinafter defined) of a Building Site (as hereinafter defined) and against each Building Site and the Improvements (as hereinafter defined) situated thereon and which shall be payable to the Association, at the election of the Association, in annual, quarterly or monthly installments. The Annual Assessments shall be the personal liability and obligation of the Owner of the Building Site affected thereby and a lien and encumbrance upon such Building Site and all Improvements situated thereon. The term “Annual Assessments” shall also include interest on such assessments and charges at the maximum rate per annum permitted by law from the due date thereof until paid in full, and all costs and fees of collecting any such Annual Assessments, including without limitation attorneys’ and paralegals’ fees, both prior to and on appeal and in bankruptcy proceedings.
Annual Assessments shall also include interest on such assessments and charges at the maximum rate per annum permitted by law from the due date thereof until paid in full, and all costs and fees of collecting any such Annual Assessments, including without limitation attorneys’ and paralegals’ fees, both prior to and on appeal and in bankruptcy proceedings.