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SECTION 6 ASSESSMENTS 6.1. General. Assessments shall be determined and assessed against the Units by the Board, in its discretion, subject to the requirements and procedures set forth in this Section 6 and the Bylaws. Assessments shall include annual Assessments under Section 6.2 and may include special Assessments under Section 6.3 and limited Assessments under Section 6.4. Annual and special Assessments shall be allocated among the Units in accordance with the allocation formula set forth in Section 4.2. Limited Assessments under Section 6.4 shall be allocated to Units as set forth in that Section. 6.2. Annual Assessments. Annual Assessments shall be established and levied by the Board. Each annual Assessment shall cover all of the anticipated Common Expenses of the Association for that year which are to be shared by all Units in accordance with the allocation formula described in Section 4.2. Annual Assessments shall be payable annually, or in equal monthly or quarterly installments, as established by the Board. Annual Assessments may provide, among other things, for an adequate reserve fund for the replacement of the Common Elements and those parts of the Units for which the Association is responsible and which are not funded by limited Assessments, pursuant to Section 6.4. Annual Assessments shall provide, for funds adequate to perform the minimum required maintenance of the Common Elements under any preventive maintenance plan adopted by the Association as required under Section 51513.3407 of the Act. 6.3. �ecial Assessments. In addition to annual Assessments, the Board may levy in any Assessment year a special Assessment against all Units in accordance with the allocation formula set forth in Section 4.2. Among other things, special Assessments may be used for the purpose of defraying in whole or in part the cost of any unforeseen or unbudgeted Common Expense. 6.4. Limited Assessments. In addition to annual Assessments and special Assessments, the Board may at its discretion, levy and allocate limited Assessments among one or more, but not all, Units, in accordance with the following requirements and procedures: 6.4.1. Any Common Expense associated with the maintenance, repair, or replacement of a Limited Common Element shall be assessed exclusively against the Unit or Units to which that Limited Common Element is allocated, as determined by the Board. 6.4.2. Any Common Expense benefiting fewer than all of the Units but not falling within Section 6.4.1 may be assessed against the Unit or Units benefited, as determined by the Board. 6.4.3. The costs of insurance maybe assessed equally or by actual cost per Unit, and the costs of common utilities may be assessed equally, in proportion to usage, or such other reasonable allocation as may be approved by the Board. 6.4.4. Reasonable attorneys' fees and other professional fees and costs incurred by the Association in connection with (if) the collection of Assessments and (ii) the enforcement of the Governing Documents, the Act, or the Rules and Regulations, against an Owner or Tenant or their guests, may be assessed against the Owner's Unit. 6.4.5. Late charges, fines and interest may be assessed as provided in Section 13. 6.4.6. If any damage to the Common Elements, Limited Common Elements or another Unit or any portion of the Owner's Unit that the Association is obligated to maintain is caused by the act or omission of any Owner or Tenant, or their guests, the Association may assess the costs of repairing the damage exclusively against the offending Owner's Unit to the extent not covered by insurance. 6.4.7. If a Unit is owned by multiple individuals or an entity and the Common Elements or 11