Common use of Common Interest Community Disclosure Clause in Contracts

Common Interest Community Disclosure. In accordance with Colorado law, Seller hereby makes the following disclosure: THE PROJECT IS PART OF ONE OR MORE COMMON INTEREST COMMUNITIES AND IS SUBJECT TO THE DECLARATION(S) FOR SAID COMMUNITIES. EACH OWNER OF A RESIDENTIAL UNIT IS REQUIRED TO BE A MEMBER OF THE RESIDENCE ASSOCIATION AND THE RESORT ASSOCIATION, WHICH ASSOCIATIONS ARE FURTHER MEMBERS OF THE KNC AND SUBJECT TO THE GOVERNING DOCUMENTS FOR KNC, AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE RESIDENCE AND RESORT ASSOCIATIONS. THE RESIDENCE AND RESORT DECLARATIONS, RESIDENCE AND RESORT BYLAWS AND RESIDENCE AND RESORT RULES AND REGULATIONS IMPOSE FINANCIAL OBLIGATIONS UPON OWNERS OF THE RESIDENTIAL UNITS, INCLUDING AN OBLIGATION TO PAY ASSESSMENTS OF THE RESIDENCE AND RESORT ASSOCIATIONS. IF AN OWNER DOES NOT PAY THESE ASSESSMENTS, THE RESIDENCE ASSOCIATION AND RESORT ASSOCIATION COULD PLACE A LIEN ON THE RESIDENCE OWNED BY SUCH OWNER AND POSSIBLY SELL IT TO PAY THE DEBT. THE DECLARATIONS, BYLAWS, AND RULES AND REGULATIONS OF THE RESORT COMMUNITY PROHIBIT THE OWNER FROM MAKING CERTAIN CHANGES TO A RESIDENCE WITHOUT THE APPROVAL OF THE RESORT AND/OR RESIDENCE ASSOCIATION. A PURCHASER OF A RESIDENCE SHOULD INVESTIGATE THE FINANCIAL OBLIGATIONS OF MEMBERS OF THE RESIDENCE ASSOCIATION, AND SHOULD CAREFULLY READ THE RESIDENCE AND RESORT DECLARATIONS, THE RESIDENCE AND RESORT BYLAWS AND THE RESIDENCE AND RESORT RULES AND REGULATIONS.

Common Interest Community Disclosure. In accordance with Colorado law, Seller hereby makes the following disclosure: THE PROJECT PROPERTY IS PART OF ONE OR MORE LOCATED WITHIN A COMMON INTEREST COMMUNITIES COMMUNITY AND IS SUBJECT TO THE DECLARATION(S) DECLARATION FOR SAID COMMUNITIESTHE COMMUNITY. EACH THE OWNER OF A RESIDENTIAL UNIT IS THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE RESIDENCE OWNERS’ ASSOCIATION AND FOR THE RESORT ASSOCIATION, WHICH ASSOCIATIONS ARE FURTHER MEMBERS OF THE KNC AND SUBJECT TO THE GOVERNING DOCUMENTS FOR KNC, COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE RESIDENCE AND RESORT ASSOCIATIONSASSOCIATION. THE RESIDENCE DECLARATION, BYLAWS, AND RESORT DECLARATIONS, RESIDENCE AND RESORT BYLAWS AND RESIDENCE AND RESORT RULES AND REGULATIONS WILL IMPOSE FINANCIAL OBLIGATIONS UPON OWNERS THE OWNER OF THE RESIDENTIAL UNITSPROPERTY, INCLUDING AN OBLIGATION TO PAY ASSESSMENTS OF THE RESIDENCE AND RESORT ASSOCIATIONSASSOCIATION. IF AN THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE RESIDENCE ASSOCIATION AND RESORT ASSOCIATION COULD PLACE A LIEN ON THE RESIDENCE OWNED BY SUCH OWNER PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE DECLARATIONSDECLARATION, BYLAWS, AND RULES AND REGULATIONS OF THE RESORT COMMUNITY MAY PROHIBIT THE OWNER FROM MAKING CERTAIN CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE ASSOCIATION (OR A RESIDENCE WITHOUT COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE RESORT AND/OR RESIDENCE ASSOCIATION. A PURCHASER PURCHASERS OF A RESIDENCE PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE FINANCIAL OBLIGATIONS OF MEMBERS OF THE RESIDENCE ASSOCIATION, AND . PURCHASERS SHOULD CAREFULLY READ THE RESIDENCE DECLARATION FOR THE COMMUNITY AND RESORT DECLARATIONS, THE RESIDENCE AND RESORT BYLAWS AND THE RESIDENCE AND RESORT RULES AND REGULATIONSREGULATIONS OF THE ASSOCIATION.

Common Interest Community Disclosure. In accordance with Colorado law, Seller hereby makes the following disclosure: THE PROJECT PROPERTY IS PART OF ONE OR MORE LOCATED WITHIN A COMMON INTEREST COMMUNITIES COMMUNITY AND IS SUBJECT TO THE DECLARATION(S) DECLARATION FOR SAID COMMUNITIESSUCH COMMUNITY. EACH THE OWNER OF A RESIDENTIAL UNIT IS THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE RESIDENCE OWNER’S ASSOCIATION AND FOR THE RESORT ASSOCIATION, WHICH ASSOCIATIONS ARE FURTHER MEMBERS OF THE KNC AND SUBJECT TO THE GOVERNING DOCUMENTS FOR KNC, COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE RESIDENCE AND RESORT ASSOCIATIONSASSOCIATION. THE RESIDENCE DECLARATION, BYLAWS, AND RESORT DECLARATIONS, RESIDENCE AND RESORT BYLAWS AND RESIDENCE AND RESORT RULES AND REGULATIONS WILL IMPOSE FINANCIAL OBLIGATIONS UPON OWNERS THE OWNER OF THE RESIDENTIAL UNITSPROPERTY, INCLUDING AN OBLIGATION TO PAY ASSESSMENTS OF THE RESIDENCE AND RESORT ASSOCIATIONSASSOCIATION. IF AN THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE RESIDENCE ASSOCIATION AND RESORT ASSOCIATION COULD PLACE A LIEN ON THE RESIDENCE OWNED BY SUCH OWNER PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE DECLARATIONSDECLARATION, BYLAWS, AND RULES AND REGULATIONS OF THE RESORT COMMUNITY MAY PROHIBIT THE OWNER FROM MAKING CERTAIN CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE ASSOCIATION (OR A RESIDENCE WITHOUT COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE RESORT AND/OR RESIDENCE ASSOCIATION. A PURCHASER PURCHASERS OF A RESIDENCE PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE FINANCIAL OBLIGATIONS OF MEMBERS OF THE RESIDENCE ASSOCIATION, AND . PURCHASERS SHOULD CAREFULLY READ THE RESIDENCE DECLARATION FOR THE COMMUNITY AND RESORT DECLARATIONS, THE RESIDENCE AND RESORT BYLAWS AND THE RESIDENCE AND RESORT RULES AND REGULATIONSREGULATIONS OF THE ASSOCIATION.

Common Interest Community Disclosure. In accordance with Colorado lawthe provisions of C.R.S. §38-35.7-102(1), Seller hereby makes provides the following disclosuredisclosure to Purchaser: IF SELLER ELECTS TO FORM A HOMEOWNERS ASSOCIATION UNDER THE PROJECT IS PART OF ONE MASTER COVENANTS FOR THE DEVELOPMENT, THEN THE PROPERTY IS, OR MORE WILL BE PRIOR TO EACH RESPECTIVE CLOSING, LOCATED WITHIN A COMMON INTEREST COMMUNITIES COMMUNITY AND IS IS, OR WILL BE PRIOR TO SUCH CLOSING, SUBJECT TO THE DECLARATION(S) DECLARATION FOR SAID COMMUNITIESSUCH COMMUNITY. EACH THE OWNER OF A RESIDENTIAL UNIT IS THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE RESIDENCE OWNER’S ASSOCIATION AND FOR THE RESORT ASSOCIATION, WHICH ASSOCIATIONS ARE FURTHER MEMBERS OF THE KNC AND SUBJECT TO THE GOVERNING DOCUMENTS FOR KNC, COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE RESIDENCE AND RESORT ASSOCIATIONSASSOCIATION. THE RESIDENCE DECLARATION, BYLAWS, AND RESORT DECLARATIONS, RESIDENCE AND RESORT BYLAWS AND RESIDENCE AND RESORT RULES AND REGULATIONS WILL IMPOSE FINANCIAL OBLIGATIONS UPON OWNERS THE OWNER OF THE RESIDENTIAL UNITSPROPERTY, INCLUDING AN OBLIGATION TO PAY ASSESSMENTS OF THE RESIDENCE AND RESORT ASSOCIATIONSASSOCIATION. IF AN THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE RESIDENCE ASSOCIATION AND RESORT ASSOCIATION COULD PLACE A LIEN ON THE RESIDENCE OWNED BY SUCH OWNER PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE DECLARATIONSDECLARATION, BYLAWS, AND RULES AND REGULATIONS OF THE RESORT COMMUNITY MAY PROHIBIT THE OWNER FROM MAKING CERTAIN CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE ASSOCIATION (OR A RESIDENCE WITHOUT COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE RESORT AND/OR RESIDENCE ASSOCIATION. A PURCHASER PURCHASERS OF A RESIDENCE PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE FINANCIAL OBLIGATIONS OF MEMBERS OF THE RESIDENCE ASSOCIATION, AND . PURCHASERS SHOULD CAREFULLY READ THE RESIDENCE DECLARATION FOR THE COMMUNITY AND RESORT DECLARATIONS, THE RESIDENCE AND RESORT BYLAWS AND THE RESIDENCE AND RESORT RULES AND REGULATIONSREGULATIONS OF THE ASSOCIATION.