Common use of HOMEOWNERS ASSOCIATION Clause in Contracts

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. 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.. INITIAL _