Condominium Plat Sample Clauses
The Condominium Plat clause defines the legal map or plan that outlines the boundaries, layout, and individual units of a condominium property. This clause typically specifies that the plat is recorded with the appropriate government office and serves as the official reference for unit locations, common areas, and any easements or restrictions. By establishing a clear and authoritative description of the property, the clause ensures that all parties have a shared understanding of the condominium's physical structure, thereby preventing disputes over property boundaries and usage rights.
Condominium Plat. All easements described or shown on the Condominium Plat.
Condominium Plat. The Developer acknowledges that the City desires to promote home ownership in the downtown area where and when appropriate. In connection therewith, the residential dwelling units to be constructed as part of any Residential Phase of the Project (collectively, the "Residential Units") shall contain amenities and interior finishes that are consistent with amenities and interior finishes that are found in condominium projects. To facilitate the ability of successor owners of the Residential Units to offer the individual Residential Units for sale to retail buyers if they later decide to do so, Developer shall prepare and process for approval by the City prior to commencement of development of the Residential Phase, a condominium plat designating each Residential Unit as a separate condominium unit, and following approval by the City, the approved plat executed by Developer shall be held in escrow with Fidelity National Title Agency, or such other escrow company as is acceptable to City and Developer, with irrevocable instructions to record same in the records of Maricopa County, Arizona on the tenth (10th) anniversary of the date of issuance of the Certificate of Occupancy for the Residential Phase. Although the City encourages future owners to consider sales of the Residential Units at the appropriate time, neither Developer nor any successor shall be required to offer the individual Residential Units for sale to retail buyers, and nothing contained herein shall limit Developer or its successors from offering such Residential Units for rent. Developer shall pay all costs, expenses and fees associated with the escrow and recording of the condominium plat.
Condominium Plat. City desires to promote home ownership in the downtown area where and when appropriate. Developer intends to develop that portion of the Project designated as residential dwelling units (collectively the “Dwelling Units”) with amenities and interior finishes that are consistent with amenities and interior finishes that are found in condominium projects. To facilitate the ability of successor owners of the Dwelling Units to offer the individual Dwelling Units for sale to retail buyers if they later decide to do so, Developer shall prepare and process for approval prior to execution of the Government Property Lease (as defined in Section 7), a condominium plat designating each Dwelling Unit as a separate condominium unit, and following approval by the City, the approved plat executed by Developer shall be held in escrow with Fidelity National Title Agency, or such other escrow company as is acceptable to City and Developer, with irrevocable instructions to record same in the records of Maricopa County, Arizona on the tenth (10th) anniversary of the date of issuance of the Certificate of Occupancy for the Improvements or on earlier termination thereof; provided that the condominium plat shall be recorded prior to reconveyance of the Property to Developer. Although City encourages future owners to consider sales of the units at the appropriate time, neither Developer nor any successor shall be required to offer the individual Dwelling Units for sale to retail buyers, and nothing contained herein shall limit Developer or its successors from offering such Dwelling Units for rent. Developer shall pay all costs, expenses and fees associated with the escrow and recording of the plat.
Condominium Plat. City desires to promote home ownership in the downtown area where and when appropriate. Developer intends to develop that portion of the Project designated as residential dwelling units (collectively the “Dwelling Units”) with amenities and interior finishes that are consistent with amenities and interior finishes that are found in condominium projects. In order to facilitate the ability of successor owners of the Dwelling Units to offer the individual Dwelling Units for sale to retail buyers if they later decide to do so, Developer shall prepare and process for approval a condominium plat designating each Dwelling Unit as a separate condominium unit, and following approval by the City, Developer shall record the same in the records of Maricopa County, Arizona. Although City encourages future owners to consider sales of the units at the appropriate time, neither Developer nor any successor shall be required to offer the individual Dwelling Units for sale to retail buyers, and nothing contained herein shall limit Developer or its successors from offering such Dwelling Units for rent.
Condominium Plat