Common use of Annual Fees Clause in Contracts

Annual Fees. Owner acknowledges and agrees that placing his or her Unit in the rental program does not relieve him or her of the responsibility to pay annual fees and other assessments relating the Unit by their due date. In the event Owner shall become delinquent in the payment of any money owed to his or her Association prior to the rental dates, and such delinquency remains unpaid, the Owner’s portion will be paid to the Association.

Annual Fees. Owner acknowledges and agrees that placing his or her Unit in the rental program does not relieve him or her of the responsibility to pay annual fees and other assessments relating to the Unit by their due date. In the event Owner shall become delinquent in the payment of any money owed to his or her Association prior to the rental dates, and such delinquency remains unpaid, the Owner’s portion Rental Revenue will be paid to the Association.

Annual Fees. Owner Member acknowledges and agrees that placing his or her Unit in the rental program does not relieve him or her of the responsibility to pay annual fees and other assessments relating the Unit by their due date. In the event Owner Member shall become delinquent in the payment of any money owed to his or her Association prior to the rental dates, and such delinquency remains unpaid, the OwnerMember’s portion will be paid to the Association.