{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [4, 18]}, {"key": "payments-required", "type": "definition", "offset": [52, 69]}, {"key": "all-other-terms", "type": "definition", "offset": [125, 140]}, {"key": "covenants-and-conditions", "type": "clause", "offset": [142, 166]}, {"key": "the-condominium", "type": "clause", "offset": [267, 282]}, {"key": "rules-and-regulations", "type": "definition", "offset": [294, 315]}, {"key": "condominium-board", "type": "clause", "offset": [335, 352]}, {"key": "executive-body", "type": "definition", "offset": [362, 376]}, {"key": "from-time-to-time", "type": "clause", "offset": [396, 413]}, {"key": "all-other-documents", "type": "clause", "offset": [424, 443]}, {"key": "material-respect", "type": "definition", "offset": [487, 503]}, {"key": "characteristics-of", "type": "definition", "offset": [524, 542]}, {"key": "ownership-of-the", "type": "clause", "offset": [543, 559]}, 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"upon-reasonable-notice", "type": "clause", "offset": [1186, 1208]}, {"key": "the-records", "type": "clause", "offset": [1221, 1232]}, {"key": "the-indebtedness", "type": "clause", "offset": [1312, 1328]}, {"key": "paid-in-full", "type": "clause", "offset": [1332, 1344]}, {"key": "borrower-will", "type": "clause", "offset": [1350, 1363]}, {"key": "reasonable-action", "type": "clause", "offset": [1386, 1403]}, {"key": "upon-receipt", "type": "definition", "offset": [1453, 1465]}, {"key": "furnish-to-the-lender", "type": "clause", "offset": [1466, 1487]}, {"key": "upon-lender", "type": "definition", "offset": [1489, 1500]}, {"key": "true-and-correct-copy", "type": "clause", "offset": [1514, 1535]}, {"key": "notice-of-any", "type": "clause", "offset": [1549, 1562]}, {"key": "association-of-owners", "type": "definition", "offset": [1578, 1599]}, {"key": "the-minutes", "type": "clause", "offset": [1625, 1636]}, {"key": "statement-of", "type": "clause", "offset": [1668, 1680]}, {"key": "available-to", "type": "definition", "offset": [1760, 1772]}, {"key": "an-owner", "type": "clause", "offset": [1773, 1781]}, {"key": "expenses-and", "type": "clause", "offset": [1828, 1840]}, {"key": "other-assessments", "type": "clause", "offset": [1845, 1862]}, {"key": "the-owners", "type": "definition", "offset": [1871, 1881]}, {"key": "to-borrower", "type": "definition", "offset": [1909, 1920]}, {"key": "payment-of-expenses", "type": "definition", "offset": [1933, 1952]}, {"key": "monthly-maintenance", "type": "clause", "offset": [1976, 1995]}, {"key": "notice-of-default", "type": "clause", "offset": [2021, 2038]}, {"key": "in-the-event", "type": "clause", "offset": [2136, 2148]}, {"key": "title-to-the", "type": "clause", "offset": [2192, 2204]}, {"key": "exercise-of", "type": "clause", "offset": [2222, 2233]}, {"key": "rights-and-remedies", "type": "clause", "offset": [2238, 2257]}, {"key": "security-instrument", "type": "definition", "offset": [2268, 2287]}, {"key": "deed-in-lieu", "type": "definition", "offset": [2303, 2315]}, {"key": "borrower-hereby", "type": "definition", "offset": [2330, 2345]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [2387, 2408]}, {"key": "board-members", "type": "definition", "offset": [2507, 2520]}, {"key": "by-borrower", "type": "clause", "offset": [2531, 2542]}, {"key": "date-hereof", "type": "clause", "offset": [2723, 2734]}, {"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [2736, 2766]}, {"key": "continuance-of-an-event-of-default", "type": "clause", "offset": [2771, 2805]}, {"key": "right-to-exercise", "type": "definition", "offset": [2829, 2846]}, {"key": "power-of-attorney-granted", "type": "clause", "offset": [2851, 2876]}, {"key": "the-proxy", "type": "clause", "offset": [2889, 2898]}, {"key": "exercise-all-rights", "type": "definition", "offset": [2903, 2922]}, {"key": "remedies-of-borrower", "type": "clause", "offset": [2935, 2955]}, {"key": "rights-granted-to-lender", "type": "clause", "offset": [3020, 3044]}, {"key": "payment-of-the-loan", "type": "clause", "offset": [3100, 3119]}, {"key": "consent-of-lender", "type": "clause", "offset": [3159, 3176]}, {"key": "no-effect", "type": "definition", "offset": [3448, 3457]}, {"key": "material-adverse-effect-on", "type": "definition", "offset": [3638, 3664]}, {"key": "value-of-the-property", "type": "definition", "offset": [3673, 3694]}, {"key": "business-operations", "type": "clause", "offset": [3704, 3723]}, {"key": "financial-condition-of-borrower", "type": "clause", "offset": [3727, 3758]}, {"key": "to-repay", "type": "clause", "offset": [3791, 3799]}, {"key": "interest-on-the-loan", "type": "clause", "offset": [3818, 3838]}, {"key": "the-nature", "type": "clause", "offset": [3863, 3873]}, {"key": "disposition-of", "type": "clause", "offset": [3952, 3966]}, {"key": "relating-to", "type": "definition", "offset": [3988, 3999]}, {"key": "to-the-extent", "type": "clause", "offset": [4123, 4136]}, {"key": "award-or-settlement", "type": "clause", "offset": [4228, 4247]}, {"key": "in-connection", "type": "clause", "offset": [4248, 4261]}, {"key": "amendment-to-the", "type": "clause", "offset": [4283, 4299]}, {"key": "removal-of", "type": "definition", "offset": [4380, 4390]}, {"key": "condominium-act", "type": "definition", "offset": [4434, 4449]}, {"key": "obligations-of-the-borrower", "type": "definition", "offset": [4471, 4498]}, {"key": "change-in", "type": "clause", "offset": [4556, 4565]}, {"key": "restrictive-covenant", "type": "clause", "offset": [4579, 4599]}, {"key": "zoning-ordinance", "type": "definition", "offset": [4601, 4617]}, {"key": "private-restrictions", "type": "definition", "offset": [4638, 4658]}, {"key": "the-units", "type": "clause", "offset": [4808, 4817]}, {"key": "adversely-affect", "type": "definition", "offset": [4829, 4845]}, {"key": "any-action", "type": "definition", "offset": [4920, 4930]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [4953, 4991]}, {"key": "loan-document", "type": "definition", "offset": [5030, 5043]}], "snippet": "(a) Borrower shall promptly and faithfully make all payments required under, and promptly and faithfully observe and perform all other terms, covenants and conditions on the part of Borrower to be observed and performed under (i) the Declaration; (ii) the by-laws of the Condominium; (iii) the rules and regulations promulgated by the Condominium Board or other executive body of the Condominium from time to time; and (iv) all other documents (A) creating the Unit, (B) related, in any material respect, to the condominium characteristics of ownership of the Unit, to the ownership rights of Borrower in and to the Unit or to the relationship among owners of units in the Condominium, or governing the Unit, as the same may be amended (collectively, the \u201cCondominium Documents\u201d).\n(b) Borrower shall pay in respect of the Unit on or before the expiration of any applicable grace or cure period all common expenses, charges and assessments, special or general, and other items for the payment of which Borrower is or may hereafter be responsible under the terms of the Condominium Documents (collectively, \u201cCondominium Charges\u201d).\n(c) Lender shall have the right, at reasonable times and upon reasonable notice, to inspect the records of the Condominium as provided in the Condominium Documents until such time as the Indebtedness is paid in full.\n(d) Borrower will take all commercially reasonable action to obtain as promptly as possible, and forthwith upon receipt furnish to the Lender, upon Lender\u2019s request, a true and correct copy of: (i) each notice of any meeting of the association of owners of the Condominium; (ii) the minutes of any such meeting; (iii) any statement of financial condition of said association, audited or otherwise, furnished to or available to an owner; (iv) any statement showing the allocation of expenses and any other assessments against the owners; (v) any statements issued to Borrower calling for payment of expenses other than the regular monthly maintenance statements; and (vi) any notice of default given to Borrower in respect of the observance of the Condominium Documents, or any of them.\n(e) In the event that Lender (or its nominee) shall acquire title to the Unit through the exercise of its rights and remedies under the Security Instrument or by way of a deed in lieu thereof, then Borrower hereby acknowledges and agrees that, subject to the provisions of the Condominium Documents, Lender (or its nominee) shall be solely entitled to remove any Condominium Board members appointed by Borrower representing the Unit and/or to designate replacement or substitute Condominium Board members representing the Unit.\n(f) Borrower has delivered to Lender the executed Proxy on the date hereof. Upon the occurrence and during the continuance of an Event of Default, Lender shall have the right to exercise the power of attorney granted pursuant to the Proxy and exercise all rights, powers and remedies of Borrower as owner of the Unit pursuant to the Condominium Documents. The rights granted to Lender under the Proxy shall automatically terminate upon the payment of the Loan in full.\n(g) Without the prior written consent of Lender (not to be unreasonably withheld), Borrower shall not vote as to any of the following matters upon which Borrower, as an \u201cowner\u201d under the provisions of the Condominium Documents, would or might be authorized to vote, any such vote without such consent being void and of no effect: (i) any subdivision of the Unit not otherwise permitted by the Declaration which would result in a partition of all or a part of the Property subject to the Declaration or have a material adverse effect on (A) the value of the Property, (B) the business operations or financial condition of Borrower, or (C) the ability of Borrower to repay the principal and interest on the Loan as it becomes due; (ii) the nature and amount of any insurance covering all or a part of the Condominium and the disposition of any proceeds thereof relating to the Property; the manner in which any condemnation or threat of condemnation of all or a part of the Condominium (but only to the extent directly relating to the Property) shall be defended or settled and the disposition of any award or settlement in connection therewith; (iii) any amendment to the Condominium Documents which by its terms requires the consent of Lender and any removal of the Condominium from the provisions of the Condominium Act; (iv) subject to the obligations of the Borrower under the Condominium Documents, the creation of, or any change in, any private restrictive covenant, zoning ordinance, or other public or private restrictions, now or hereafter limiting or defining the uses which may be made of the Condominium or any part thereof; or (v) any relocation of the boundaries of the Units that would adversely affect the Unit. Borrower shall not, and shall not cause the Condominium to take any action inconsistent with the terms and conditions of this Agreement, the Security Instrument or any other Loan Document which would have a material adverse effect on (A) the value of the Property, (B) the business operations or financial condition of Borrower, or (C) the ability of Borrower to repay the principal and interest on the Loan as it becomes due.", "size": 30, "samples": [{"hash": "MaAN4BpWXD", "uri": "/contracts/MaAN4BpWXD#condominium", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 21.1505813599, "published": true}, {"hash": "ikI3mXlfAyL", "uri": "/contracts/ikI3mXlfAyL#condominium", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 21.0, "published": true}], "hash": "a8da83ae9c5230a455487383bdb61dca", "id": 1}, {"snippet_links": [{"key": "condominium-ownership", "type": "definition", "offset": [21, 42]}, {"key": "office-of-the", "type": "clause", "offset": [107, 120]}, {"key": "the-property", "type": "clause", "offset": [199, 211]}, {"key": "subject-to", "type": "clause", "offset": [257, 267]}, {"key": "the-terms-and-provisions", "type": "clause", "offset": [272, 296]}, {"key": "condominium-property-act", "type": "clause", "offset": [326, 350]}, {"key": "state-of-illinois", "type": "definition", "offset": [358, 375]}, {"key": "owners-association", "type": "definition", "offset": [451, 469]}, {"key": "rules-and-regulations", "type": "definition", "offset": [503, 524]}, {"key": "the-act", "type": "clause", "offset": [576, 583]}, {"key": "from-time-to-time", "type": "clause", "offset": [615, 632]}, {"key": "condominium-documents", "type": "definition", "offset": [681, 702]}, {"key": "a-copy-of-the", "type": "clause", "offset": [736, 749]}, {"key": "the-building", "type": "definition", "offset": [814, 826]}, {"key": "additional-property", "type": "clause", "offset": [979, 998]}, {"key": "the-individual", "type": "clause", "offset": [1092, 1106]}, {"key": "condominium-units", "type": "clause", "offset": [1107, 1124]}, {"key": "common-elements", "type": "clause", "offset": [1152, 1167]}, {"key": "to-the-extent", "type": "clause", "offset": [1170, 1183]}, {"key": "the-definitions", "type": "definition", "offset": [1196, 1211]}, {"key": "in-this-lease", "type": "clause", "offset": [1212, 1225]}, {"key": "terms-and-restrictions", "type": "clause", "offset": [1388, 1410]}, {"key": "comply-with", "type": "clause", "offset": [1454, 1465]}, {"key": "conditions-of-the", "type": "clause", "offset": [1511, 1528]}, {"key": "relating-to", "type": "definition", "offset": [1551, 1562]}, {"key": "occupancy-of-the-premises", "type": "clause", "offset": [1574, 1599]}, {"key": "pursuant-to-the", "type": "definition", "offset": [1604, 1619]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [1682, 1703]}, {"key": "effective-upon", "type": "clause", "offset": [1767, 1781]}, {"key": "date-of", "type": "clause", "offset": [1786, 1793]}, {"key": "landlord-shall", "type": "clause", "offset": [1811, 1825]}, {"key": "the-board-of-managers", "type": "clause", "offset": [1866, 1887]}, {"key": "obligations-assumed", "type": "clause", "offset": [1938, 1957]}, {"key": "tenant-shall", "type": "clause", "offset": [2027, 2039]}, {"key": "no-claim", "type": "definition", "offset": [2045, 2053]}, {"key": "default-under", "type": "clause", "offset": [2088, 2101]}, {"key": "the-execution", "type": "clause", "offset": [2164, 2177]}, {"key": "the-association-and-board", "type": "clause", "offset": [2212, 2237]}, {"key": "third-party-beneficiaries", "type": "clause", "offset": [2255, 2280]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [2284, 2306]}, {"key": "approval-of", "type": "clause", "offset": [2347, 2358]}, {"key": "to-attempt-to", "type": "clause", "offset": [2400, 2413]}, {"key": "approval-by", "type": "clause", "offset": [2488, 2499]}, {"key": "reasonable-effort", "type": "clause", "offset": [2534, 2551]}, {"key": "null-and-void", "type": "clause", "offset": [2641, 2654]}, {"key": "tenant-agrees-to", "type": "clause", "offset": [2656, 2672]}, {"key": "cooperate-with", "type": "clause", "offset": [2673, 2687]}, {"key": "such-information", "type": "definition", "offset": [2754, 2770]}, {"key": "requested-by", "type": "definition", "offset": [2777, 2789]}, {"key": "to-tenant", "type": "definition", "offset": [2842, 2851]}, {"key": "participate-in", "type": "definition", "offset": [2855, 2869]}, {"key": "the-management", "type": "clause", "offset": [2870, 2884]}, {"key": "not-limited", "type": "clause", "offset": [2931, 2942]}, {"key": "voting-rights", "type": "clause", "offset": [2950, 2963]}, {"key": "the-landlord", "type": "clause", "offset": [2975, 2987]}], "snippet": "(a) A Declaration of Condominium Ownership (the \u201cDeclaration\u201d) of Williamsburg Village was recorded in the Office of the Recorder of Deeds of C\u2587\u2587\u2587 County, Illinois, on January 4, 1983, and thereupon the property within which the Premises are located became subject to (i) the terms and provisions of the Declaration, (ii) the Condominium Property Act of the State of Illinois (the \u201cAct\u201d), (iii) the By-Laws (the \u201cBy-Laws\u201d) of the Williamsburg Village Owners Association (the \u201cAssociation\u201d) and (iv) the rules and regulations of the Association (the \u201cRules\u201d). The Declaration, the Act, the By-Laws and the Rules, as from time to time amended, are sometimes collectively called the \u201cCondominium Documents\u201d. Tenant acknowledges receipt of a copy of the Declaration, the By-Laws and the Rules. Landlord\u2019s space within the Building is sometimes called the \u201cCondominium Unit\u201d. All the condominium property of which the Condominium Unit is a part, as from time to time amended to annex additional property, is sometimes called \u201cWilliamsburg Village\u201d and all portions of Williamsburg Village, except the individual condominium units, are sometimes called the \u201cCommon Elements\u201d. To the extent that any of the definitions in this Lease conflict with those in the Condominium Documents, the definitions in the Condominium Documents shall control.\n(b) Tenant accepts this Lease subject to all of the terms and restrictions of the Condominium Documents and agrees to comply with and perform each of the terms, covenants and conditions of the Condominium Documents relating to the use or occupancy of the Premises. If pursuant to the Condominium Documents, the Condominium Unit is withdrawn from the provisions of the Declaration, Landlord, at its option, may terminate this Lease effective upon the date of such withdrawal. Landlord shall not be obligated for the performance by the Board of Managers of the Association (the \u201cBoard\u201d) or of any of the obligations assumed or undertaken by the Board pursuant to the Condominium Documents and Tenant shall have no claim against Landlord by reason of any default under the Condominium Documents by the Board or the Association. By the execution of this Lease, Tenant agrees that the Association and Board are and shall be third party beneficiaries of the provisions of this Lease.\n(c) The Declaration requires the approval of all leases by the Board. Landlord agrees to attempt to procure such approval from the Board within the time established for such approval by the Declaration. If, after making reasonable effort, Landlord cannot procure such approval within the time provided, this Lease shall become null and void. Tenant agrees to cooperate with Landlord in attempting to procure such approval and shall provide such information as is requested by the Board.\n(d) This Lease does not grant any rights to Tenant to participate in the management or affairs of the Association, including, but not limited to any voting rights enjoyed by the Landlord.", "size": 6, "samples": [{"hash": "c5QHowwpnOT", "uri": "/contracts/c5QHowwpnOT#condominium", "label": "Lease (Midwest Banc Holdings Inc)", "score": 21.0, "published": true}], "hash": "2d11cb89a5a8c3146107b7ee3630b18e", "id": 5}, {"snippet_links": [{"key": "estate-in-real-property", "type": "definition", "offset": [22, 45]}, {"key": "code-section", "type": "definition", "offset": [78, 90]}, {"key": "undivided-interest", "type": "definition", "offset": [113, 131]}, {"key": "common-area", "type": "clause", "offset": [149, 160]}, {"key": "a-separate", "type": "definition", "offset": [176, 186]}, {"key": "fee-interest", "type": "definition", "offset": [187, 199]}, {"key": "a-unit", "type": "clause", "offset": [203, 209]}, {"key": "separate-interests", "type": "clause", "offset": [224, 242]}, {"key": "the-real-property", "type": "clause", "offset": [246, 263]}, {"key": "this-declaration", "type": "definition", "offset": [284, 300]}, {"key": "condominium-plan", "type": "definition", "offset": [309, 325]}, {"key": "the-deed", "type": "clause", "offset": [333, 341]}], "snippet": "Condominium\" means an estate in real property, as defined in California Civil Code Section 783, consisting of an undivided interest in common in the Common Area, together with a separate fee interest in a Unit and any other separate interests in the real property as are described in this Declaration, in the Condominium Plan, or in the deed conveying the Condominium.", "size": 3, "samples": [{"hash": "gIAZwcvgd0V", "uri": "/contracts/gIAZwcvgd0V#condominium", "label": "Memorandum of Understanding", "score": 26.1704311371, "published": true}, {"hash": "8y3rIupdFly", "uri": "/contracts/8y3rIupdFly#condominium", "label": "Memorandum of Understanding", "score": 26.1704311371, "published": true}, {"hash": "2thnzppURA", "uri": "/contracts/2thnzppURA#condominium", "label": "Memorandum of Understanding", "score": 26.1704311371, "published": true}], "hash": "43b6389ea38940b7dffd63cc238eef8a", "id": 10}, {"snippet_links": [{"key": "mortgaged-property", "type": "clause", "offset": [0, 18]}, {"key": "condominium-regime", "type": "definition", "offset": [30, 48]}, {"key": "by-the-borrower", "type": "clause", "offset": [78, 93]}, {"key": "release-of", "type": "clause", "offset": [148, 158]}, {"key": "in-connection-with", "type": "clause", "offset": [204, 222]}, {"key": "partial-defeasance", "type": "clause", "offset": [223, 241]}, {"key": "the-loan", "type": "clause", "offset": [245, 253]}, {"key": "control-of", "type": "definition", "offset": [290, 300]}], "snippet": "Mortgaged property is part of condominium regime where units are wholly-owned by the borrower; however, the borrower is permitted to obtain partial release of up to 4 of the 6 units comprising the regime in connection with partial defeasance of the loan; the borrower maintains affirmative control of owners\u2019 association so long as no more than 4 units are released.", "size": 4, "samples": [{"hash": "6HNHDKSP6MI", "uri": "/contracts/6HNHDKSP6MI#condominium", "label": "Mortgage Loan Purchase Agreement (WFRBS Commercial Mortgage Trust 2013-C16)", "score": 24.7453804016, "published": true}, {"hash": "cJXNKGjM8jA", "uri": "/contracts/cJXNKGjM8jA#condominium", "label": "Mortgage Loan Purchase Agreement (WFRBS Commercial Mortgage Trust 2013-C16)", "score": 24.737165451, "published": true}], "hash": "e1e2a42676a2ac277d8549d83407f2bd", "id": 9}, {"snippet_links": [{"key": "relates-to", "type": "definition", "offset": [10, 20]}, {"key": "the-condominium", "type": "clause", "offset": [21, 36]}, {"key": "pursuant-to-the", "type": "definition", "offset": [45, 60]}, {"key": "aggregate-percentage-interest", "type": "definition", "offset": [107, 136]}, {"key": "common-elements", "type": "clause", "offset": [144, 159]}, {"key": "the-sub", "type": "clause", "offset": [280, 287]}, {"key": "condominium-units", "type": "clause", "offset": [299, 316]}, {"key": "owned-by", "type": "definition", "offset": [317, 325]}, {"key": "full-force-and-effect", "type": "definition", "offset": [983, 1004]}, {"key": "in-all-material-respects", "type": "definition", "offset": [1005, 1029]}, {"key": "obligation-of-borrower", "type": "clause", "offset": [1058, 1080]}, {"key": "to-borrower", "type": "definition", "offset": [1086, 1097]}, {"key": "other-party", "type": "clause", "offset": [1116, 1127]}, {"key": "exception-report", "type": "definition", "offset": [1178, 1194]}, {"key": "consented-to", "type": "definition", "offset": [1213, 1225]}, {"key": "amendment-or-modification", "type": "clause", "offset": [1230, 1255]}, {"key": "condominium-documents", "type": "definition", "offset": [1288, 1309]}, {"key": "no-events", "type": "clause", "offset": [1471, 1480]}, {"key": "passage-of-time", "type": "clause", "offset": [1510, 1525]}, {"key": "default-by-borrower", "type": "clause", "offset": [1555, 1574]}, {"key": "material-adverse-effect", "type": "definition", "offset": [1692, 1715]}, {"key": "in-addition", "type": "clause", "offset": [1718, 1729]}, {"key": "any-person", "type": "definition", "offset": [1851, 1861]}, {"key": "due-and-payable", "type": "definition", "offset": [2101, 2116]}, {"key": "condominium-associations", "type": "clause", "offset": [2182, 2206]}, {"key": "sums-due", "type": "definition", "offset": [2420, 2428]}, {"key": "date-hereof", "type": "clause", "offset": [2697, 2708]}, {"key": "the-property", "type": "clause", "offset": [2743, 2755]}, {"key": "the-hotel", "type": "definition", "offset": [2888, 2897]}, {"key": "equal-amounts", "type": "clause", "offset": [2978, 2991]}, {"key": "block-21", "type": "definition", "offset": [3003, 3011]}, {"key": "special-assessments", "type": "definition", "offset": [3081, 3100]}, {"key": "capital-improvements", "type": "definition", "offset": [3251, 3271]}, {"key": "other-property", "type": "definition", "offset": [3340, 3354]}, {"key": "as-required-by", "type": "clause", "offset": [3523, 3537]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [3586, 3608]}, {"key": "members-of-the-board-of-directors", "type": "clause", "offset": [3619, 3652]}, {"key": "master-condominium", "type": "definition", "offset": [3665, 3683]}, {"key": "association-created", "type": "clause", "offset": [3707, 3726]}, {"key": "entered-into", "type": "clause", "offset": [4512, 4524]}, {"key": "maintenance-agreements", "type": "definition", "offset": [4543, 4565]}, {"key": "with-respect-to", "type": "clause", "offset": [4566, 4581]}, {"key": "disputes-between", "type": "clause", "offset": [4651, 4667]}, {"key": "and-the-owners", "type": "clause", "offset": [4677, 4691]}, {"key": "any-other-person", "type": "definition", "offset": [5152, 5168]}, {"key": "in-accordance-with", "type": "clause", "offset": [5184, 5202]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [5203, 5224]}, {"key": "no-actions", "type": "clause", "offset": [5287, 5297]}, {"key": "laws-of-the-united-states", "type": "definition", "offset": [5507, 5532]}, {"key": "any-state", "type": "definition", "offset": [5536, 5545]}, {"key": "options-or-rights-of-first-refusal", "type": "clause", "offset": [5751, 5785]}], "snippet": "(a) As it relates to the Condominium created pursuant to the Declaration (Master), Borrower has a 55.2278% aggregate percentage interest in the Common Elements of the Condominium and the remaining 44.7722% aggregate percentage interest in the Common Elements is owned entirely by the Sub-Units. The Condominium Units owned by Borrower and the Residential Master Unit are the only Condominium Units in the Condominium created pursuant to the Declaration (Master).\n(b) As it relates to the Condominium created pursuant to the Declaration (Hotel-Residential), Borrower has a 61.2195% aggregate percentage interest in the Common Elements of the Condominium and the remaining 38.7805% aggregate percentage interest in the Common Elements is owned entirely by the owners of the Sub-Units. The Condominium Unit owned by Borrower and the Sub-Units are the only Condominium Units in the Condominium created pursuant to the Declaration (Hotel-Residential).\n(c) Each Condominium Document is in full force and effect in all material respects and constitutes the binding obligation of Borrower and, to Borrower's knowledge, each other party thereto.\n(d) Except as expressly set forth in the Exception Report, Borrower has not consented to any amendment or modification (oral or written) of any of the Condominium Documents, nor, to Borrower's knowledge, does any such amendment or modification (oral or written) of any of the Condominium Documents exist.\n(e) To Borrower's knowledge, no events exist that, now or after the passage of time, or both, would constitute a default by Borrower under any of the Condominium Documents (unless such default would not cause or reasonably be expected to result in a Material Adverse Effect). In addition, to Borrower's knowledge, no events exist that, now or after the passage of time, or both, would constitute a default by any Person other than Borrower under any of the Condominium Documents (unless such default would not cause or reasonably be expected to result in a Material Adverse Effect).\n(f) Except as set forth in the Exception Report, there are no sums that are due and payable by Borrower under any of the Condominium Documents to either the Condominium Associations or the owners of the Condominium Units other than the Condominium Units owned by Borrower, which sums remain unpaid. In addition, except as set forth in the Exception Report, to Borrower's knowledge, there are no sums due and payable by the Condominium Associations or the owners of the Condominium Units other than the Condominium Units owned by Borrower under any of the Condominium Documents to either Borrower or to the Condominium Associations, which sums remain unpaid.\n(g) As of the date hereof, the assessments assessed against the Property under the Condominium Documents equal $84,545.87 for the Condominium created pursuant to the Declaration (Master) and $5,698.51 for the Hotel Master Unit pursuant to the Declaration (Hotel-Residential), payable monthly in equal amounts. 49125-481/Block 21 (TX)\n(h) To Borrower's knowledge, there are no currently outstanding special assessments under the Condominium Documents, and, to Borrower's knowledge, none are presently contemplated.\n(i) To Borrower's knowledge, there are no anticipated capital improvements or repairs presently being undertaken to the Common Elements or any other property of the Condominiums and, to Borrower's knowledge, the Condominium Associations do not presently contemplate undertaking any such capital improvements or repairs except as required by the PIP referenced in the Exception Report.\n(j) As of the Closing Date, the sole members of the board of directors of Block 21 Master Condominium Community, Inc. (i.e., Association created pursuant to the Declaration (Master)) are \u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, III and \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587, all of whom were appointed by Borrower.\n(k) As of the Closing Date, the sole members of the board of directors of Block 21 Condominium Community, Inc. (i.e., Association created pursuant to the Declaration (Hotel-Residential)) are (i) \u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, III and \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587, all of whom were appointed by Borrower and (ii) \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 and \u2587\u2587\u2587\u2587\u2587 Land, who were appointed by the owners of the Sub-Units.\n(l) To Borrower's knowledge, the Condominium Associations have not incurred any debts and has not encumbered the Common Elements or any other property of the Condominiums.\n(m) Except as set forth on the Exception Report, the Condominium Associations have not entered into any management or maintenance agreements with respect to the Common Elements or any other property of the Condominium.\n(n) No disputes between Borrower and the owners of the Condominium Units other than the Condominium Units owned by Borrower and/or the Condominium Associations that could result in a Material Adverse Effect, and, to Borrower's knowledge, no dispute between the owners of the Condominium Units other than the Condominium Units owned by Borrower and the Condominium Associations, which could result in a Material Adverse Effect, have been submitted to the board of directors of the Condominium Associations or any other Person for resolution in accordance with the provisions of the Condominium Documents.\n(o) To Borrower's knowledge, there are no actions, whether voluntary or otherwise, pending against the owners of the Condominium Units other than the Condominium Units owned by Borrower or the Condominium Associations pursuant to the bankruptcy or insolvency laws of the United States or any state thereof, and none has been threatened.\n(p) Neither the Condominium Associations nor the owners of the Condominium Units other than the Condominium Units owned by Borrower have any purchase, lease or other options or rights of first refusal with respect to the Property pursuant to the Condominium Documents or otherwise.", "size": 12, "samples": [{"hash": "GiH7Rsbrrv", "uri": "/contracts/GiH7Rsbrrv#condominium", "label": "Loan Agreement (Stratus Properties Inc)", "score": 27.0260105133, "published": true}], "hash": "6ee2c71e64d1e3fb1e43354f42a9d858", "id": 2}, {"snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "public-garage", "type": "definition", "offset": [21, 34]}, {"key": "project-parcel", "type": "definition", "offset": [58, 72]}, {"key": "the-buildings", "type": "clause", "offset": [91, 104]}, {"key": "private-improvements", "type": "clause", "offset": [120, 140]}, {"key": "capable-of", "type": "definition", "offset": [180, 190]}, {"key": "a-separate", "type": "definition", "offset": [241, 251]}, {"key": "legal-lot", "type": "definition", "offset": [252, 261]}, {"key": "the-project", "type": "definition", "offset": [321, 332]}, {"key": "in-accordance-with", "type": "clause", "offset": [407, 425]}, {"key": "pursuant-to", "type": "definition", "offset": [432, 443]}, {"key": "the-public", "type": "clause", "offset": [450, 460]}, {"key": "condominium-unit", "type": "definition", "offset": [496, 512]}, {"key": "condominium-documents", "type": "definition", "offset": [555, 576]}, {"key": "approval-by-the-city", "type": "clause", "offset": [627, 647]}, {"key": "finance-director", "type": "clause", "offset": [650, 666]}, {"key": "after-consultation-with", "type": "clause", "offset": [668, 691]}, {"key": "corporation-counsel", "type": "definition", "offset": [703, 722]}, {"key": "outside-counsel", "type": "clause", "offset": [726, 741]}, {"key": "following-the", "type": "definition", "offset": [765, 778]}, {"key": "building-permit", "type": "definition", "offset": [821, 836]}, {"key": "parking-garage", "type": "definition", "offset": [845, 859]}, {"key": "the-applicable", "type": "clause", "offset": [1003, 1017]}, {"key": "the-terms", "type": "definition", "offset": [1055, 1064]}, {"key": "other-terms", "type": "clause", "offset": [1118, 1129]}, {"key": "agreed-to-by-the", "type": "definition", "offset": [1137, 1153]}, {"key": "the-parties-shall", "type": "clause", "offset": [1274, 1291]}, {"key": "cooperate-with", "type": "clause", "offset": [1292, 1306]}, {"key": "changes-to", "type": "clause", "offset": [1332, 1342]}, {"key": "based-on", "type": "definition", "offset": [1413, 1421]}, {"key": "construction-of-the-improvements", "type": "definition", "offset": [1443, 1475]}, {"key": "making-loans", "type": "clause", "offset": [1564, 1576]}, {"key": "market-requirements", "type": "definition", "offset": [1654, 1673]}, {"key": "condominium-declaration", "type": "definition", "offset": [1710, 1733]}, {"key": "condition-precedent", "type": "clause", "offset": [1803, 1822]}, {"key": "obligation-to-complete", "type": "clause", "offset": [1844, 1866]}, {"key": "the-city-and-the", "type": "clause", "offset": [1910, 1926]}, {"key": "obligation-to-deliver", "type": "clause", "offset": [1934, 1955]}, {"key": "payment-for", "type": "clause", "offset": [1956, 1967]}, {"key": "ability-to", "type": "definition", "offset": [2036, 2046]}, {"key": "common-interest-community", "type": "definition", "offset": [2068, 2093]}, {"key": "with-respect-to", "type": "clause", "offset": [2203, 2218]}, {"key": "located-in", "type": "definition", "offset": [2237, 2247]}], "snippet": "To the extent that a Public Garage is located on the same Project Parcel as one or more of the Buildings comprising the Private Improvements, and either such Project Parcel is not capable of being subdivided to locate such Project Garage on a separate legal lot or the Redeveloper determines not to pursue subdivision of the Project Parcel, the Redeveloper shall create a Condominium on such Project Parcel in accordance with CIOA, pursuant to which the Public Garage shall constitute a separate condominium unit. Redeveloper shall prepare a draft of the Condominium Documents for any such Project Parcel for submission to and approval by the City\u2019s Finance Director (after consultation with the City\u2019s Corporation Counsel or outside counsel) within six (6) months following the date on which the Redeveloper is issued a building permit for the Parking Garage to be constructed on such Project Parcel, such approval not to be unreasonably withheld, conditioned or delayed. The Condominium Documents for the applicable Condominium shall be consistent with the terms set forth on Exhibit EE with respect thereto or such other terms as are agreed to by the Redeveloper and the City\u2019s Finance Director, after consultation with the City\u2019s Corporation Counsel or outside counsel. The Parties shall cooperate with one another to make such changes to any such draft Condominium Documents as may be necessary or desirable based on the final design and construction of the Improvements located or to be located on such Project Parcel, the reasonable requirements of lenders making loans on individual units within the Condominium (including any secondary mortgage market requirements). Finalization and recording of the Condominium Declaration (and finalization of the remaining Condominium Documents) shall be a condition precedent to the Redeveloper\u2019s obligation to complete and convey the applicable Public Garage to the City and the City\u2019s obligation to deliver payment for such Public Garage. Nothing herein shall restrict the Redeveloper\u2019s ability to create more than one common interest community (as defined in CIOA) on any Project Parcel (including the use of one or more sub-common interest communities with respect to one or more units located in any underlying master common interest community).", "size": 9, "samples": [{"hash": "dOImgSdBRNg", "uri": "/contracts/dOImgSdBRNg#condominium", "label": "Master Development Agreement", "score": 19.0, "published": true}, {"hash": "9Kchx7qUb3G", "uri": "/contracts/9Kchx7qUb3G#condominium", "label": "Master Development Agreement", "score": 19.0, "published": true}], "hash": "8789240876441e194ccfe1a2c2719b8c", "id": 3}, {"snippet_links": [{"key": "the-property", "type": "clause", "offset": [0, 12]}, {"key": "a-unit", "type": "clause", "offset": [16, 22]}, {"key": "unit-owners", "type": "definition", "offset": [67, 78]}, {"key": "condominium-act", "type": "definition", "offset": [121, 136]}, {"key": "certificate-of", "type": "definition", "offset": [193, 207]}, {"key": "condominium-declaration", "type": "definition", "offset": [233, 256]}, {"key": "plats-and-plans", "type": "definition", "offset": [269, 284]}, {"key": "the-bylaws", "type": "clause", "offset": [287, 297]}, {"key": "rules-and-regulations", "type": "definition", "offset": [306, 327]}, {"key": "the-association", "type": "clause", "offset": [331, 346]}, {"key": "homeowner-association", "type": "clause", "offset": [367, 388]}, {"key": "planned-community-act", "type": "definition", "offset": [461, 482]}, {"key": "the-act", "type": "clause", "offset": [503, 510]}, {"key": "a-copy-of-the", "type": "clause", "offset": [549, 562]}, {"key": "the-provisions", "type": "clause", "offset": [692, 706]}], "snippet": "The Property is a unit of a condominium that is primarily run by a unit owners\u2019 association. Section 3407 of the Uniform Condominium Act of Pennsylvania requires Seller to furnish Buyer with a Certificate of Resale and copies of the condominium declaration (other than plats and plans), the bylaws and the rules and regulations of the association. PLANNED COMMUNITY (HOMEOWNER ASSOCIATION). The Property is part of a planned community as defined by the Uniform Planned Community Act. Section 5407(a) of the Act requires Seller to furnish Buyer with a copy of the declaration (other than plats and plans), the bylaws, the rules and regulations of the association, and a Certificate containing the provisions set forth in Section 5407(a) of the Act.", "size": 5, "samples": [{"hash": "hNVx0mQ6uvo", "uri": "/contracts/hNVx0mQ6uvo#condominium", "label": "Standard Agreement for the Sale of Real Estate", "score": 25.2080764771, "published": true}, {"hash": "7SMSyMarLXP", "uri": "/contracts/7SMSyMarLXP#condominium", "label": "Standard Agreement for the Sale of Real Estate", "score": 25.161813736, "published": true}, {"hash": "kJf2dPvYzUT", "uri": "/contracts/kJf2dPvYzUT#condominium", "label": "Standard Agreement for the Sale of Real Estate", "score": 25.0389041901, "published": true}], "hash": "520e82aa06f0fac75238d41ab1db379c", "id": 7}, {"snippet_links": [{"key": "the-property", "type": "clause", "offset": [3, 15]}], "snippet": "If the Property is a condominium:", "size": 5, "samples": [{"hash": "ltxL1jRpd0c", "uri": "/contracts/ltxL1jRpd0c#condominium", "label": "Offer to Purchase and Agreement of Purchase and Sale", "score": 31.4211540222, "published": true}, {"hash": "liLCPsDUJwd", "uri": "/contracts/liLCPsDUJwd#condominium", "label": "Purchase and Sale Agreement", "score": 30.7798347473, "published": true}, {"hash": "hRi4hAeosns", "uri": "/contracts/hRi4hAeosns#condominium", "label": "Real Estate Purchase Contract", "score": 23.5933036804, "published": true}], "hash": "7bc5d77ea1e3647bfd9eb32209059d9e", "id": 6}, {"snippet_links": [{"key": "rights-of-tenant", "type": "clause", "offset": [19, 35]}, {"key": "subject-and-subordinate", "type": "clause", "offset": [63, 86]}, {"key": "in-all-respects", "type": "clause", "offset": [87, 102]}, {"key": "condominium-declaration", "type": "definition", "offset": [110, 133]}, {"key": "other-documents", "type": "clause", "offset": [142, 157]}, {"key": "to-convert", "type": "clause", "offset": [232, 242]}, {"key": "the-land", "type": "clause", "offset": [243, 251]}, {"key": "the-improvements", "type": "clause", "offset": [256, 272]}, {"key": "form-of-ownership", "type": "clause", "offset": [306, 323]}, {"key": "in-accordance-with", "type": "clause", "offset": [324, 342]}, {"key": "article-9", "type": "definition", "offset": [361, 370]}, {"key": "b-of", "type": "definition", "offset": [371, 375]}, {"key": "real-property-law", "type": "clause", "offset": [380, 397]}, {"key": "monetary-obligations", "type": "definition", "offset": [517, 537]}, {"key": "de-minimis", "type": "definition", "offset": [555, 565]}, {"key": "use-of-the-premises", "type": "clause", "offset": [676, 695]}, {"key": "general-office", "type": "definition", "offset": [730, 744]}, {"key": "the-request", "type": "clause", "offset": [811, 822]}, {"key": "of-landlord", "type": "clause", "offset": [823, 834]}, {"key": "amendment-of-this", "type": "clause", "offset": [856, 873]}, {"key": "to-tenant", "type": "definition", "offset": [907, 916]}, {"key": "legal-fees", "type": "definition", "offset": [932, 942]}, {"key": "by-tenant", "type": "definition", "offset": [952, 961]}, {"key": "in-connection-with", "type": "clause", "offset": [962, 980]}, {"key": "the-lease", "type": "clause", "offset": [1063, 1072]}, {"key": "without-limitation", "type": "clause", "offset": [1162, 1180]}, {"key": "adjustments-to", "type": "clause", "offset": [1194, 1208]}, {"key": "base-operating-amount", "type": "definition", "offset": [1258, 1279]}, {"key": "base-pilot-amount", "type": "definition", "offset": [1285, 1302]}, {"key": "base-impositions-amount", "type": "definition", "offset": [1311, 1334]}, {"key": "the-board-of", "type": "clause", "offset": [1455, 1467]}], "snippet": "This Lease and all rights of Tenant hereunder are and shall be subject and subordinate in all respects to any condominium declaration and any other documents (collectively, the \u201cDeclaration\u201d) which are or shall be recorded in order to convert the Land and the improvements erected thereon to a condominium form of ownership in accordance with the provisions of Article 9-B of the Real Property Law, or any successor thereto, provided the Declaration does not include any terms which increase Tenant\u2019s monetary or non-monetary obligations (other than to a de minimis extent) or decrease Tenant\u2019s rights (other than to a de minimis extent) or materially interfere with Tenant\u2019s use of the Premises for executive, administrative and general office purposes. If any such Declaration is to be recorded, Tenant, upon the request of Landlord, shall enter into an amendment of this Lease (at no out-of-pocket costs to Tenant other than any legal fees incurred by Tenant in connection with same) reasonably acceptable to Tenant confirming such subordination and modifying the Lease in such respects as shall be necessary to conform to such condominiumization, including, without limitation, appropriate adjustments to Tenant\u2019s Share and appropriate reductions in the Base Operating Amount, the Base PILOT Amount and the Base Impositions Amount; provided, that, Landlord provides to Tenant a subordination, non-disturbance and attornment agreement duly executed by the board of such condominium in a form reasonably acceptable to Tenant.", "size": 5, "samples": [{"hash": "jm2ZITJ59HV", "uri": "/contracts/jm2ZITJ59HV#condominium", "label": "Lease (Intercept Pharmaceuticals Inc)", "score": 28.1622180939, "published": true}, {"hash": "clmTN319wEa", "uri": "/contracts/clmTN319wEa#condominium", "label": "Lease (Intercept Pharmaceuticals Inc)", "score": 28.1622180939, "published": true}], "hash": "0548906ff26ba5770260ac8f251d78e5", "id": 8}, {"snippet_links": [{"key": "rights-of-tenant", "type": "clause", "offset": [19, 35]}, {"key": "subject-and-subordinate", "type": "clause", "offset": [63, 86]}, {"key": "in-all-respects", "type": "clause", "offset": [87, 102]}, {"key": "condominium-declaration", "type": "definition", "offset": [110, 133]}, {"key": "other-documents", "type": "clause", "offset": [142, 157]}, {"key": "to-convert", "type": "clause", "offset": [232, 242]}, {"key": "the-land", "type": "clause", "offset": [243, 251]}, {"key": "the-improvements", "type": "clause", "offset": [256, 272]}, {"key": "form-of-ownership", "type": "clause", "offset": [306, 323]}, {"key": "in-accordance-with", "type": "clause", "offset": [324, 342]}, {"key": "article-9", "type": "definition", "offset": [361, 370]}, {"key": "b-of", "type": "definition", "offset": [371, 375]}, {"key": "real-property-law", "type": "clause", "offset": [380, 397]}, {"key": "other-terms", "type": "clause", "offset": [467, 478]}, {"key": "material-respect", "type": "definition", "offset": [523, 539]}, {"key": "the-request", "type": "clause", "offset": [652, 663]}, {"key": "of-landlord", "type": "clause", "offset": [664, 675]}, {"key": "amendment-of-this", "type": "clause", "offset": [697, 714]}, {"key": "without-limitation", "type": "clause", "offset": [864, 882]}, {"key": "to-tenant", "type": "definition", "offset": [908, 917]}, {"key": "tax-share", "type": "clause", "offset": [920, 929]}, {"key": "operating-expenses", "type": "clause", "offset": [993, 1011]}, {"key": "base-operating-year", "type": "definition", "offset": [1020, 1039]}, {"key": "base-tax-amount", "type": "definition", "offset": [1048, 1063]}, {"key": "under-this-lease", "type": "clause", "offset": [1162, 1178]}, {"key": "obligations-under-the-lease", "type": "clause", "offset": [1250, 1277]}], "snippet": "This Lease and all rights of Tenant hereunder are and shall be subject and subordinate in all respects to any condominium declaration and any other documents (collectively, the \u201cDeclaration\u201d) which are or shall be recorded in order to convert the Land and the improvements erected thereon to a condominium form of ownership in accordance with the provisions of Article 9-B of the Real Property Law, or any successor thereto, provided the Declaration does not include other terms which increase Tenant\u2019s obligations (in any material respect) or decrease Tenant\u2019s rights (in any material respect). If any such Declaration is to be recorded, Tenant, upon the request of Landlord, shall enter into an amendment of this Lease confirming such subordination and modifying the Lease in such respects as shall be necessary to conform to such condominiumization, including, without limitation, appropriate adjustments to Tenant\u2019s Tax Share and Tenant\u2019s Operating Share and appropriate reductions in the Operating Expenses for the Base Operating Year and the Base Tax Amount; provided, that, such amendment shall not reduce Tenant\u2019s rights or increase Tenant\u2019s obligations under this Lease (in either case in any material respect) or increase Tenant\u2019s monetary obligations under the Lease.", "size": 6, "samples": [{"hash": "iwx7wPBMsnp", "uri": "/contracts/iwx7wPBMsnp#condominium", "label": "Lease (FaceBank Group, Inc.)", "score": 31.5106086731, "published": true}, {"hash": "6liPlZRaMN1", "uri": "/contracts/6liPlZRaMN1#condominium", "label": "Lease (Y-mAbs Therapeutics, Inc.)", "score": 29.6433944702, "published": true}, {"hash": "e89nDXRVtEY", "uri": "/contracts/e89nDXRVtEY#condominium", "label": "Lease (Y-mAbs Therapeutics, Inc.)", "score": 29.2518825531, "published": true}], "hash": "770b63e9081aa234b45501e743129426", "id": 4}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRjb25kb21pbml1bSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 228, "parents": [["affirmative-covenants", "Affirmative Covenants"], ["representations-and-warranties", "Representations and Warranties"], ["borrower-representations", "Borrower Representations"], ["miscellaneous-provisions", "Miscellaneous Provisions"], ["definitions", "Definitions"]], "children": [["", ""], ["insurance", "Insurance"], ["condominium-documents", "Condominium Documents"], ["intentionally-omitted", "Intentionally omitted"], ["remedies", "Remedies"]], "title": "Condominium", "id": "condominium", "related": [["condominium-documents", "Condominium Documents", "<strong>Condominium</strong> Documents"], ["land", "Land", "Land"], ["real-estate-taxes-and-special-assessments", "Real Estate Taxes and Special Assessments", "Real Estate Taxes and Special Assessments"], ["project", "Project", "Project"], ["condominiums-planned-unit-developments", "Condominiums/Planned Unit Developments", "<strong>Condominiums</strong>/Planned Unit Developments"]], "related_snippets": [], "updated": "2026-03-21T04:22:45+00:00", "also_ask": ["What key rights and obligations must be explicitly defined in a condominium clause?", "How can the clause be structured to minimize disputes between unit owners and the association?", "What are the most common legal pitfalls or ambiguities in condominium clauses?", "How do local laws or court precedents impact enforceability of condominium provisions?", "What negotiation levers exist for buyers or developers regarding condominium governance and fees?"], "drafting_tip": "Define 'Condominium' precisely to avoid ambiguity; specify ownership rights to clarify parties' interests; reference applicable laws to ensure enforceability.", "explanation": "The Condominium clause defines the rights and obligations of parties in relation to a property that is part of a condominium development. It typically outlines the shared ownership of common areas, the responsibilities for maintenance fees, and the rules governing the use of both private units and communal spaces. For example, it may specify how costs for repairs to shared facilities are divided among unit owners or set guidelines for alterations to individual units. The core function of this clause is to ensure clear governance and management of the condominium property, preventing disputes by delineating responsibilities and usage rights among all owners."}, "json": true, "cursor": ""}}