TEL3 By-Laws (8 of 10)
Master Deed, the Corporation shall have the right to file an adverse claim with the RD-Quezon City so as to constitute the assessment as a lien on the unit to which it pertains. The collection of the assessment may be enforced by the Corporation by any of the remedies provided by law. In addition thereto, in case the unit is under lease, the Board may demand and receive from the lessee the rent due on the said unit up to the amount sufficient to pay the assessment. including interest/s thereto, if any, and such payment of the rent shall be sufficient discharge, to the extent of the amount so pad, of the lessee as between him and the owner/lessor of the unit; and for this purpose, the members of the Corporation hereby bind themselves to incorporate a provision to this effect in the contracts of lease for their units.
ARTICLE VI
IMPROVEMENTS AND ADDITIONS
Section 1. Cost of Improvements and Additions. The Board may make such improvements and additions to the common areas of the Project as it may deem necessary, provided, that the cost thereof does not exceed and can be paid out of the Corporation's special fund for capital expenditures mentioned in Section 2 of Article V hereinbefore.
Section 2. Members' Approval of Improvements and Additions. Should improvements or additions to the common areas cost more than the abovementioned special fund for capital expenditures or should involve structural construction or modification, it must be approved by the members in a regular or special meeting duly called for the purpose before such improvements or additions can be made. When so approved, any deficiency in the amount available from the special fund for capital expenditures shall be made up by the levy of a special assessment upon the members, and such special assessment shall be binding upon all members whether or not they were present in the meeting or voted in favor of making the improvements or additions.
ARTICLE VII
DAMAGE OR DESTRUCTION OR EXPROPRIATION
Section 1. Damage, Destruction or Expropriation. In the event of any damage to, destruction or expropriation of, less than fifty (50%) percent of the total saleable area of the Project as defined in the Master Deed. the Board shall proceed as soon as possible with the repair, reconstruction or restoration of the damaged property. using the insurance or expropriation proceeds or recovery, if any, or money from the special fund for capital expenditures in case of damage or destruction to the common areas of the Project, and, if necessary, by levying special assessments upon the members as provided for in the Master Deed.
In case of damage to, destruction or expropriation of fifty (50%) percent or more of the total saleable area of the Project. the Board shall immediately call a special ...
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