TomE4 (South Carolina)
Posts: 26
Posts: 26
Posted:
Looking for some advice on a specific section of our covenants. We have several paragraphs dealing with assessments, but then the following paragraph (at the very end of the section on assessments) seems to negate everything else that was said about assessments.
Specific Assessment. The Board shall have the power to specifically assess pursuant to this section as it shall deem appropriate, in its sole discretion. Failure of the Board to exercise its authority under this section shall not be grounds for any action against the Association or the Board of Directors and shall not constitute a waiver of the Board's right to exercise its authority under this section in the future. The Board may also specifically assess Owners for the following Association expenses (except for expenses incurred for maintenance and repair of items which are the maintenance responsibility of the Association).
How would you interpret this?
Thanks,
Tom
Specific Assessment. The Board shall have the power to specifically assess pursuant to this section as it shall deem appropriate, in its sole discretion. Failure of the Board to exercise its authority under this section shall not be grounds for any action against the Association or the Board of Directors and shall not constitute a waiver of the Board's right to exercise its authority under this section in the future. The Board may also specifically assess Owners for the following Association expenses (except for expenses incurred for maintenance and repair of items which are the maintenance responsibility of the Association).
How would you interpret this?
Thanks,
Tom