Declaration 02 - Common Expenses

II COMMON EXPENSES

1. Specifications of Common Expenses

Common expenses means the expenses of the performance of the objects and duties of the corporation and, without limiting the generality of the foregoing, shall include those expenses set out in Schedule "E" attached hereto.

2. Payment of Common Expenses

Each owner shall pay to the corporation his proportionate share of the common expenses, as may be provided for by the by-laws of the corporation and the assessment and collection of contributions towards the common expenses may be regulated by the board pursuant to the by-laws of the corporation.