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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 />

-2-

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