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COMMON EXPENSES 14.1 Liability of Unit Owners, Annual Budget and Statutory Reserve Account. A. Liability of Unit Owners. Each Unit Owner, including the Declarant, shall be liable for the share of expenses of the Association assessed against such Owner's Unit, including an assessment coming due during the pendency of any claim by a Unit Owner against the Association or during any period in which the Unit is not occupied by the Unit Owner or in which the Unit is leased or rented to another person. These expenses ("Common Expenses") shall be allocated among the Units in the percentages specified in Exhibit "C" attached hereto, except that charges may be specifically allocated to particular Units by the Board of the Association, or by separate agreement among the Unit Owners, based on the benefit to the Unit Owner of the cost or expense involved or on the usage, fault or negligence or other factors affecting the deterioration or damage of or to Units, Common Elements, or Limited Common Elements as to which the Association may have responsibility. During the period of Declarant Control, the Board of the Association may not make any allocation or assessment under this Section 14.1 that would (i) have the effect of benefiting the Declarant at the expense of Unit Owners other than the Declarant or (ii) not be in compliance with the terms and conditions of Section 703.16(2)(b) of the Act. B. Statutory Reserve Account. Pursuant to the authority granted to the Declarant under Section 703.163(3)(c) of the Act, the Declarant hereby elects not to establish a statutory reserve account ("Statutory Reserve Account"), as the term "Statutory Reserve Account" is defined in Section 703.163(1)(b) of the Act. The Declarant is hereby authorized to execute and record a Statutory Reserve Account Statement, as required by Section 703.163(11) of the Act. Nothing herein shall prohibit the Declarant, or the Association, from making a later determination to establish a Statutory Reserve Account pursuant to the procedures set forth in Section 703.163 of the Act. C. Annual Budget. The Association, annually, shall adopt and distribute to all Unit Owners, an annual budget setting forth the following: 1) All anticipated Common Expenses and any amounts to be allocated to the Statutory Reserve Account, if any and to any other funds for future expenditures. 2) The amount and purpose of any other anticipated Association expenditure. 3) The amount of any Statutory Reserve Account, if any, or any other funds held for future expenditures. 4) Any common surpluses. 2-22