Condominium Resale Certificate - Williams & Williams
Condominium Resale Certificate - Williams & Williams
Condominium Resale Certificate - Williams & Williams
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''A2 MIG/jlf 3/14/84<br />
1.1 Act: The Uniform <strong>Condominium</strong> Act, Chapter 448 of the<br />
laws of the State of Missouri, 1983.<br />
1.2 Allocated Interest: The interest of each Unit Owner<br />
in the aggregate in interest of the undivided ownership of the<br />
Common Elements and Common Expense Liability, the percentage<br />
interest attributed to each being set forth in Exhibit "C"<br />
annexed hereto and incorporated herein by this reference, determined<br />
on the basis of the ratio of the size of each unit to the<br />
total square footage of all units of the <strong>Condominium</strong>. The<br />
percentage so assigned may be changed as a result of increase or<br />
decrease in the number of units or by adding additional property<br />
to the <strong>Condominium</strong>.<br />
1.3 Association: The Unit Owners Association shall be an<br />
unincorporated association or such other entity as subsequently<br />
authorized by the Unit Owners as provided in Section 448.3-101 of<br />
the Act.<br />
1.4 Bylaws: The Bylaws of the Association annexed hereto as<br />
Exhibit "D" and incorporated herein by this reference.<br />
1.5 Common Elements: All portions of the <strong>Condominium</strong> other<br />
than the units as defined in the Declaration.<br />
1.6 Common Expenses: Expenditures made by or financial<br />
liabilities of the Association, together with any allocations to<br />
reserves<br />
1.7 Common Expense Liability: That portion of the cost of<br />
maintaining, repairing and managing the Property including Limited<br />
Common Elements which is to be paid by each Unit Owner, the<br />
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