HOMEOWNERS ASSOCIATION. 9.1 The Purchaser acknowledges that it is anticipated that the Property will fall under the jurisdiction of the HOA, being a new Homeowners’ Association which shall come/came into existence on registration of transfer of the first Erf in the Development from the Seller to a third party purchaser, it being recorded that the HOA is established for the benefit of, inter alia, all of owners of xxxxx in the Development and to control and maintain roads, services and amenities within, inter alia, the Development.
HOMEOWNERS ASSOCIATION. As a purchaser of property in the residential community in or where the property is located, you (circle one): ARE, ARE NOT obligated to be a member of the property owner’s association. Restrictive covenants governing the use and occupancy of the property and a dedicatory instrument governing the establishment, maintenance, and operation of this residential community have been or will be recorded in the Real Property Records of the county in which the community property is located. If required by the Association, you will be obligated to pay assessments to the property owner’s association. The amounts of the assessments are subject to change. Your failure to pay the assessments could result in a lien on the property and foreclosure. Copies of the dedicatory instrument may be obtained from the county clerk. Buyer has received the restrictive covenants: initials
HOMEOWNERS ASSOCIATION. Developer will create detailed Deed Restrictions and a homeowner’s association (“HOA”) that will enforce the restrictions set forth herein. In the event Owner's Association becomes insolvent or fails to maintain proper documentation and filings with the State of Texas as required and loses its authority to operate and transact business as a property owner's association in the State of Texas then the City shall have the right to but is not obligated to enforce deed restrictions and other matters as set forth in this agreement and shall have all authority granted to the Association by virtue of this document and related Property Owner's Association Bylaws including but not limited to the authority to impose and collect maintenance fees and other necessary fees and assessments to further the upkeep of subdivision improvements as stipulated herein and as deemed necessary by the City.
HOMEOWNERS ASSOCIATION. 26.1 The Purchaser acknowledges that he shall be obliged to become a member of the Home Owners’ Association (if any) and shall be bound by the Memorandum of Incorporation of the Home Owners’ Association (which may, subject to the ring fencing provisions therein contained, from time to time be amended by a special resolution of the members thereof) and the rules from time to time laid down by the Home Owners’ Association.
HOMEOWNERS ASSOCIATION. 9.1 The HOA has been established for the benefit of, inter alia, all of owners of xxxxx in the Reserves Development and to control and maintain roads, services and amenities within, inter alia, the Reserves Development.
HOMEOWNERS ASSOCIATION. 9.1 The Seller acknowledges that it is anticipated that the Property will fall under the jurisdiction of the Pearl Valley HOA, but if, for some reason, the Development is not incorporated as part of the Pearl Valley Estate, a new HOA will be established for the benefit of, inter alia, all of owners of xxxxx in the Development and to control and maintain roads, services and amenities within, inter alia, the Development. The Seller has accordingly furnished the Seller with a copy of the Pearl Valley HOA’s constitution and the draft constitution of such new HOA and the Seller will confirm in writing, prior to the Transfer Date which HOA the Purchaser will become a member of on Transfer.
HOMEOWNERS ASSOCIATION. IF TENANT MUST BE APPROVED BY A HOMEOWNER’S ASSOCIATION (“ASSOCIATION”), LANDLORD AND TENANT AGREE THAT THE LEASE IS CONTINGENT UPON RECEIVING APPROVAL FROM THE ASSOCIATION. ANY APPLICATION FEE REQUIRED BY AN ASSOCIATION SHALL BE PAID BY LANDLORD TENANT. IF SUCH APPROVAL IS NOT OBTAINED PRIOR TO COMMENCEMENT OF LEASE TERM, EITHER PARTY MAY TERMINATE THE LEASE BY WRITTEN NOTICE TO THE OTHER GIVEN AT ANY TIME PRIOR TO APPROVAL BY THE ASSOCIATION, AND IF THE LEASE IS TERMINATED, TENANT SHALL RECEIVE RETURN
HOMEOWNERS ASSOCIATION. Certain alleys, walkways, landscape tracts, and other private improvements will serve the Property and may also serve lots acquired by other builders within Phase B. In order to address the maintenance obligations related to such private improvements, Seller shall establish a homeowners’ association that will own and/or maintain such private improvements (the “Homeowners’ Association”) and cause the Lots to be annexed into such Homeowners’ Association at Closing hereunder. Within thirty (30) days after the Effective Date, Seller will deliver to Purchaser (and the other builders) for its review and reasonable approval, a declaration with respect to the maintenance of those private improvements (the “Maintenance Declaration”). Purchaser shall have until fifteen (15) days before the end of the Due Diligence Period, as the same may be extended, to notify Seller in writing of any objection that Purchaser may have to the draft Maintenance Declaration. On or before the fifth (5th) business day following Seller’s receipt of Buyer’s objections to the draft Maintenance Declaration, Seller shall notify Buyer, in writing, whether Seller elects to make such modifications to the draft Maintenance Declaration, with Seller not to unreasonably withhold its consent to Purchaser’s request; provided, however, that if Seller does not elect to modify, or elects to modify and does not thereafter modify the Maintenance Declaration within such 5-business day period and such decision is made on a reasonable basis, Purchaser shall have the right to either: (i) terminate this Agreement by delivery of a written termination notice to Seller on or before the end of the Due Diligence Period, in which event the entire Initial Deposit shall be promptly returned to Purchaser, Purchaser shall return to Seller all information and materials received by Purchaser from Seller pertaining to the Property, and thereafter the Parties shall have no further rights or obligations under this Agreement except for those which expressly survive the termination hereof; or (ii) waive any objections to the Maintenance Declaration and proceed with the transaction contemplated by this Agreement, in which event Purchaser shall be deemed to have approved the Maintenance Declaration as to which its objections have been waived. Upon approval of the form of the Maintenance Declaration by the Parties, the Parties will cause such form to be attached to this Agreement by a mutually executed amendment hereto. The Mainte...
HOMEOWNERS ASSOCIATION. Every person or entity who is the record owner of a fee or undivided fee interest in any building site that is subject to this Declaration shall be deemed to have membership in the North Lake Shore Homeowners' Association. The foregoing is not intended to include person who hold an interest merely as security for the performance of an obligation, and the giving of a security interest shall not terminate the owner's membership. No owner, whether one or more persons, shall have more than one membership per building site. In the event of multiple owners of a building site, vote and rights of use and enjoyment shall be as provided herein. Membership shall be appurtenant to and may not separated from ownership of any building site. Ownership of a building site shall be the sole qualification for membership. The rights and privileges of membership, including the right to vote and to hold office may be exercised by a member or the member's spouse, but in no event shall more than one vote be cast nor office hold for each building site The Developer shall incorporate the North Lake Shore Homeowners' Association end shall draft, execute and file Articles of Incorporation and By-Laws for the Homeowners' Association consistent with the terms and conditions of this Declaration. Membership in the North Lake Shore Homeowners' Association shall become automatically effective upon the sale or the last lot or building site in North Lake Shore Subdivision, Second Addition, or at such earlier time as the Developer shall elect, at Developer's sole option. The Developer reserves the right to add building sites and memberships located in additional contiguous property to membership in the North Lake Shore Homeowners Association as additional plats, of any, are added to North Lake Shore Subdivision. Any such new members shall be subject to the Same rights and obligations with respect to membership in the Homeowners' Association as all current members at the time any such addition is made. Except as specifically provided otherwise herein, each owner of a building site shall be liable for his proportionate share of the coat (based upon the percentage of all lots owned by an owner as to the total number of lots then subject to the provisions of this Declaration) for the proper maintenance of water retention facilities, drainage facilities and boulevards within the entire North Lake Shore Subdivision, which water retention facilities, Drainage facilities and boulevards are described ...
HOMEOWNERS ASSOCIATION. The Property is located in a community with a 7 voluntary mandatory (see the Disclosure Summary below) homeowners' association (“Association”). Seller’s 8 warranty under Paragraph 8 of this Contract, risk of loss under Paragraph 9 of this Contract, or As Is with Right to 9 Inspect Addendum (if applicable) extend only to the Property and does not extend to common areas or facilities 10 described below.
