Condominium Declaration - Laserfiche WebLink

Home Browse Search

�--. .* _ . . ._.._. - . .4 ,..� 1 ' S 112 "Eli�ible Mort�aQee" means any Person which owns a first mortgage on a nit ' ; and which has requested in writing that the Association notify it regarding ny proposed action which requires approval by a specified percentage of Elig ble � Mortgagees. _ 1.I?3 "Governin� Documents" means this Qeclaration, tr� Bylaws, and the ArticIe of , lncorporation af the Association, as those documents may be amended from t rne to time, all of which shall govern the use and operation of the Praperty. l. 4 "Limited Common Elements"means a portion of the Common Elements alloca�ed by this Declaration or by operation of Sectian SISB.2-102(d) or(� of the Act for the exclusive use of one or more but fewer than all of the Units. 1. S "Member"means a Person who is a member of the Association by virtue of be ng � an Owner as defined in this Declaration. The words"Owner"and"Member" ay be used interchangeably in the Governing Documents. 1. 6 "Occunant" means a Person,other than an Owner,in possession of,or residing 'n, a Unit_ . 1. 7 "Owner" means a Person who owns a Unit, but excluding a contract for dded vendors,a martgagee,a holder of a remainder interest or a reversionary interest�in , a life estate, and any other secured parties within the meaning �f the Act. T e I term "Owner" inctudes, without limitation, a contract for deed vendee, and a . holder of a life estate. I.118 "Person" means a natural individual, a corporation, a limited liabiGty company a partnership, a trustee, or other legal entity capable of holdirig title to real propert . 1.1�9 "PIaY' means one or more than one recorded plat depicting the Property pursu t to the requirements of Section S I SB.2-110(c) of the Act, and satisfying t e requirements of Minnesota Statutes Chapter 505, 508; or 508A, as applicabl , including any amended or supplemental Plat recorded from time to time n accordance with the Act. 1.2 "Propert� means aIl of the real property subjected to this Declaration, now or n the future, including al] structures and improvements located thereon. e Property is legally described in Exhibit A attached hereto. 1_21 "Rules and Re�u3ations" means the Rules and Regulations of the Association s approved from time to time pursuani to Seccion 5.6. � 1.2 "Unit" means a part of the Property within a Building other than the Cammo Elements, including one or more than one room or enclosed space designed an intended for separate ownership and use, al[ as described in Section 2 and show on the Ptat. MPLS-Word 952�1.11 3