Condominium Resale Certificate - Williams & Williams

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than one-third (1/3) of the Executive Board shall be elected by
the Unit Owners other than the Declarant.
1.12 Development Rights: The right, or combination of
rights reserved by the Declarant to add real estate to the
Condominium; to create units, common elements, or limited common
elements within a Condominium; to subdivide units or convert
units into common elements; or to withdraw the Property or any
part thereof from the Condominium.
1.13 Executive Board: The Board of Directors of the
Association authorized to act on behalf of the Association.
1.14 Limited Common Elements: Any shutters, awnings, window
boxes, doorsteps, stoops, porches, balconies,
patios and all
exterior doors and windows or other fixtures designed to serve a
single Unit, storage areas located in Buildings Nos. 1, 2, 6 and 8,
parking spaces, if any, assigned under Section 15.14 of this
Declaration, but located outside the Unit's boundaries, are
Limited Common Elements allocated exclusively to that Unit.
1.15 Majority of the Unit Owners: Means the owners of
more than fifty percent (50%)
in the aggregate of interest of all
the Allocated Interests.
1.16 Parcel: Means the Property and any additional property
added by subsequent amendment to the Declaration, submitted to
the provisions of the Act.
1.17 Person: Means a natural individual, corporation,
partnerships trustee or other legal entity capable of holding
title to real property.
1.18 Plat: Means each and every plat of survey of the Pro-
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