TEL3 Master Deed (8 of 16)

• Except as may be limited or restricted herein or in the By-Laws, each unit owner shall have the exclusive right. at his own expense, to paint. repaint, tile, wax, paper, or otherwise refinish and decorate the inner surfaces of the walls, floors, windows and doors bounding his own unit.

• Notwithstanding the foregoing provisions, the owner. tenant or occupant of the unit may not undertake any structural repairs or alterations, or any other work which would jeopardize the safety or structural integrity of the building or the Project, or another unit. or impair any easement, without the prior approval of the Condominium Corporation and of the owners of the units directly affected by such work.

• (b)   All maintenance of and repairs to the Common Areas, whether located inside or outside the units (unless necessitated by the act or negligence of a unit owner, tenant, or occupant, in which case such expense shall be charged to the owner of the unit) shall be made by the Condominium Corporation, in accordance with the By-Laws of the Condominium Corporation.

• (c)   The By-Laws of the Condominium Corporation may contain such further provisions as may be necessary to supplement the provisions herein.

Section 4.   Assessments.    (a)   At such time and in such manner as shall be provided in the By-Laws of the Condominium Corporation, and taking into consideration that the units are operated and managed by their owner/s, and as such shall not be assessed for operating expenses, regular expenses for capital expenditures, deficiency and other assessments and special assessments except to the extent that the units are affected or benefited under the circumstance, there shall be assessed against each unit owner in the Project and paid to the Condominium Corporation, in proportion to such unit owner's appurtenant interests in the Condominium Corporation, the following :

(1)  Reqular Assessments for Operating Expenses.   The Condominium Corporation shall, from time to time, and at least annually. prepare an estimate of the operating expenses of the Condominium Corporation, and assess against each member in proportion to such members' appurtenant interest in the Condominium Corporation, such amounts as shall be necessary to meet the operating expenses. Such expenses shall include, but shall not be limited to the following, to wit :

• (i)   The cost of insurance policies insuring the Project against loss by fire. earthquake, casualty liability and other insurable risks in accordance with Section 8, Part II hereof and to the extent deemed necessary by the Condominium Corporation;

• (ii)   The cost of regular and recurrent maintenance and ordinary repairs and utilities and other services benefiting the Common Areas of the Project;

• (iii)   Fees and/or salaries of managerial. legal, accounting, engineering. and other professional or technical personnel or entities employed or retained by the Condominium Corporation to assist in the management of the Project.

 

[Index] [<< Prev]    Proceed   [Next >>]

   

Source Document :

TEL3 Master Deed (Page 8 of 16)

Converted via:

https://ocr.space/

~xoxoxoxoxoxox~