Unit Owners definition

Unit Owners shall according to the context, mean all purchasers and/or intending purchasers of different Flats / apartments / Units in the Buildings and shall also include the Builder in respect of such
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Unit Owners. Association" or "Association" means the association of all the unit owners, acting pursuant to bylaws through its duly elected board of managers.
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Unit Owners association" or "association" means
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Examples of Unit Owners in a sentence

  • If the Board so agrees, all or any portion of such insurance may be carried by one Unit Owner, under such Unit Owner's master insurance policy or otherwise, with the costs of such insurance to be paid by the Unit Owners in accordance with Section 7.3C of this Declaration.

  • If there shall be a repair or restoration pursuant to the foregoing and the amount of the available insurance proceeds exceeds the cost of such repair or restoration, such excess shall be divided among all Unit Owners by the Board in proportion to the respective replacement values of the Units.

  • The Budget (and any amendment thereto) will be approved by the Unit Owners as set forth in the Association Documents, CCIOA and the Act as applicable.

  • In the event of any loss that relates solely to the General Common Elements, such deductible amount may be assessed to the Unit Owners as a special assessment of Common Charges.

  • In the event that the total cost of repair or restoration of the Condominium Insured Property or any portion thereof, as estimated on the basis of an independent appraisal, or as determined during the course of repair or restoration, exceeds the total sum of available insurance proceeds, the Board shall assess the Unit Owners as a Common Charge in proportion to the respective replacement values of the Units the amount estimated to repair or restore in excess of the available insurance proceeds.


More Definitions of Unit Owners

Unit Owners shall, according to its context, mean all allottees and/or intending allottees of different Units in the Building including the Promoter in respect of such Units as are not alienated and/or not agreed to be alienated for the time being by the Promoter;
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Unit Owners is defined in the Declaration.
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Unit Owners association" means an association of unit owners organized under Section 82.101 for a condominium in a development.
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Unit Owners association" or "association" means the association of all owners of units in the common interest community acting pursuant to the declaration.
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Unit Owners association" means an entity created pursuant to part 3 of article 33.3 of title 38, C.R.S., or any functionally equivalent entity formed under any subsequently enacted statute of this state.
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Unit Owners means any person who purchase and acquires, holds and/or owns any Unit in the newly constructed building and shall include the Owners and the Developer, for the Units held by him/her/them, from time to time.
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Unit Owners association" means an association
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