HomeMy WebLinkAbout0068 Th~.s condominium shall be identified as OCEANA OCEAN-
FRONT CONDOM~NxUM O~NE, and shall be subject to and administered
and mainta~ined in accordance with the provisions of the Condominium
Act as supplemente8 by the provisions of this Declaration of Condo~-
minium and shall be binding upon the Developer, the grantees
of Developer, their grantees, mortgagees, devisees, heirs, personal
representatives, successors and assigns, and any persons holding by,
throuqh or under the grantees of Developer, for so lonq as this
condominium shall exist.
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I. DEFINTTIONS
A. ~Apartmen~ts~ tlr~it~~ ApaYtaren~t Unit - Individual ~
private dwelling.
B. Apa~tment ~B~ui~ldinc~ - A building in which apartments
are located.
• C. Assessment - A share of the funds required for the
payment of common expenses which from time to time is assessed against
the apartment vwner.
D. Comnaon~ ~lenients - The portions of the condominiwn
property not included in the individual apartments including tangi-
ble personal property owned by the Condominium Association and
required for the operation of the condominium.
E. Conm~on Expenses - Expenses for which the apart-
ment owners are liable to the Condomi.nium Association.
F. Conunon Surglus - The excess of all receipts of
the Condominium Association from this condominium, including but
not limited to, assessments, rents, profits and revenues on
account of the conunon elements, over the amount of co~nmon expenses
of this condominium.
G. Condominium - That form of awnership of condo-
minium property under which units (apartments) of im~rovements are
subject to awnership by different owners, and there is appurtenant
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