Examples of Common elements in a sentence
Seller also reserves the right to change such Building or Common Elements provided that any single change or aggregation of changes will not substantially vary from the Condominium Documents.
For each Unit, and for any year, shall equal the product of the assessed value of such Unit in such year (inclusive of the Land, Project Improvements thereon and the Common Elements) subject to the provisions of Section 4.06 with respect to Common Elements), as determined by the Tax Assessor using the fair market value approach, multiplied by the Rounded Tax Rate for such year.
No Annual Service Charge, Land Taxes (if applicable), other taxes or Affordable Housing Fees (as defined in the Redevelopment Agreement) shall be levied or charged against the Common Elements.
Seller agrees to complete construction of the Unit, the Building in which it is contained and the related Common Elements in accordance with the provisions of the Condominium Documents and to submit such Building and Common Elements to the provisions of the Condominium Act of 1976 (D.C. Law 1-89).
The tax exemption herein shall continue as to the Unit and its appurtenant undivided interest in the Common Elements subject to this Financial Agreement.