TEL3 Master Deed (10 of 16)
- ... Areas classified as Limited Common Areas under this Master Deed. In this regard, the Condominium Corporation may impose interests and penalty charges on such special assessments.
- (b) Unless otherwise specifically provided by the Condominium Corporation, the foregoing assessments shall not be refundable.
- (c) The amount of any assessment, the interest due in case of delinquency, the cost of collection (including attorney's fees, if any) any penalty for delinquency shall constitute a lien on the unit owner's membership in the Condominium Corporation. Such liens shall be constituted and enforced, or the amount of the assessment otherwise collected. in the manner provided in the By-Laws of the Condominium Corporation.
- (d) Except as otherwise provided for in this Declaration of Restrictions or in the Condominium Act, the lien for assessment hereunder shall be superior to all other liens and encumbrances.
- (e) In case of foreclosure, the transfer or the conveyance. as well as the redemption, of the delinquent unit shall include the unit owner's appurtenant membership in the Condominium Corporation. The Condominium Corporation shall have the power to bid at the foreclosure sale.
- (f) In case of default by any unit owner in the payment of any assessment, including any interest and penalty thereon, the Condominium Corporation, without prejudice to any other rights or remedies to which it is entitled as provided herein or in law or equity, shall have the right or remedies to which it is entitled as provided herein or in law or equity, upon prior written notice to the defaulting unit owner, to cut-off or withhold from such unit or unit owner. utilities and/or services which are provided for or administered by the Condominium Corporation for such reasonable period of time as the Condominium Corporation may determine.
Section 5. Real Property Taxes and Assessments. Each unit owner shall execute such instruments and take such actions as may reasonably be specified by the Condominium Corporation to obtain a separate assessment of his unit for purposes of taxation and special assessments on real property, Nevertheless, if there is any possibility that any tax or assessment may become a lien on the units of the Project or any part of its Common Areas, the same may be paid by the Condominium Corporation and assessed by the latter against the unit owner or owners concerned, together with such rate of interest and costs as may be determined by the Condominium Corporation. Such assessment shall constitute a lien on the unit or units assessed.
Section 6. Use Limitations. The units and all the Common Areas of the Project shall be occupied and used subject to the following limitations :
- (a) Each of the residential units shall be occupied only by a single family, its servants and guests as residence and for no other purpose. Unless the Master Deed is amended, no unit may be divided or subdivided into a smaller unit nor any portion thereof sold or otherwise transferred.
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