HomeMy WebLinkAbout0642 ~ ~ ~
~i
' ;
r
VI. CCMMON EXPENSE AND COMMCN SURPLUS ~
. ~
. ;
The common expenses of the Condominium, includinq the obl igation ;
of each Unit Cwner under the Management Agreement attached to this ~
Declara.tion, shall be shared by the Unit Cwr~ers, as specified and set ~
forth in the Exhibits. The foregcinq ra.tio of~ sharinq common expenses and ~
assessments shall remain, rega.rdle~s of the purchase price_ of the ~
Condominium Parcels or Interval G~vnerships, their location or the ~
building square footage included in each Condominium unit.
A ny common surplus of the A ssociation shail be owned by_ eacn
of the Unit G~vners in the same proportion as their Qercentage ou?nership .
interest in the commor~ elements (or, in the case of an Intervat
- Cwner, his remainder interest in the common elements). ~
VII. 1~~AINTENANCE FEE FCR UNITS CCMMITTEL~ TC INTERVAL ;
CWNERSHIP s
~
Each owner of Unit Weeks in Pa.rcels committed to Interva.l ~
G~vnership shall pay a"maintenance fee", which shail be in addition to
. his prorata share of the ~ommon expenses. The maintenance fee shall
include the Interval Owner's share of the following exoenses:
(1) Repair and upkeep of alI parcel~ committed to
Interva.l ~vnership from normal wear and tear (exampie-
re~.inting interior wa11s); and j3nitorial 3nd custodial ~
~
service.. ,
. ~
~ (2)' Repair and replacement af furniture, fixtures, aoplia.nces, ~
carpetinq and utensils in all pa.rcets ~ommitted to interval
owne rship. ~ ;
~
(3) Casualty 3nd/or liability insurance on a11 parcei~ ~
committed to interval owner~hip. ~ }
(4) Personal property, rea,l estate and any other applicable
taxes on the parcel nwhich he owns an interva.l ownership.
~ . - ~
~(5) Anq and all other expense~ incurred in the normal ~
operation and m3intenance of the ~rcels committed to interval
ownership which ^annot be attributed tc a particuiar Interval
Cwner and whi~h are not common expenses. ~
The Interval Cwner's utility charges for utilities for hi~
U nit fo r his U nit Weeks. '
, ~
Each Interva.l G~vner s share of items (1), (2), (3) and (5) above,
~hatl be detertrined by dividing the total ~osts for these items for all p~.rce ~
committed to interval ownershi~ by the btal numbe* of Unit Weeks in
pc~rcels committed to interval ownership, and then multiplying ~aid amount
by the num ber o f U nit Weeks in ~tha.t pa rticula r Inte rval Cwne r's Inte rvat ~
Cwnership. Each Interval Cwner's share of item (4) shall be determineci =
by dividing the charge applicable to his parcel by fifty-two (52) 3nd
multiplying that amount by the number of Unit Weeks in his Interval '
Cwnership.
W. R. SCOTT . -
~rreaerar wr uw . L1II-`7
~oo co~auoo wvwuc
- . ~ 9 {
b°~k -11 ~
~
. z
. ` ~
~
- - -
~ ~ ~ _ _ - -
.g ~~n
R~ ^ /l `~`F
3~ '~..Y-a. $ii K w~G%
- ~,~"~~9ii ~ ~Y~u, v' . . . _~~'L
3' 2
'a. ' ~