Property Fence Sample Clauses
The Property Fence clause establishes the rights and responsibilities of parties regarding the construction, maintenance, or use of fences on a property. Typically, it outlines who is responsible for building or repairing the fence, how costs are shared between neighbors, and any requirements for design, height, or materials. This clause helps prevent disputes by clearly defining expectations and obligations related to property boundaries and fencing, ensuring both parties understand their roles and reducing the risk of future conflicts.
Property Fence. In connection with fences, Developer shall comply with the policies and procedures of the TxDOT Right of Way Manual, as well as the specification found in the current TxDOT Standard Specifications for Construction of Highways, Streets and Bridges. Fencing standards for Developer-provided fencing shall conform to the overall aesthetics requirements found elsewhere in these CDA Documents and referenced standards.
Property Fence. Within ninety (90) days of Closing, Purchaser shall complete the construction of a fence surrounding the perimeter of the Property, to conform in all aspects with the existing fence erected on portions of Square 2526, Lot 194 appurtenant to the Property, including, but not limited to, material, height, width, color, nature, kind, and shape, and specifications as set forth in Schedule 1.2.1 attached hereto and incorporated herein. Prior to and as a condition to Closing, Purchaser shall deposit with Antonoplos & Associates, Attorneys at Law, whose address is ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇., ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇ (the “Escrow Agent”) a monetary reserve (“Fence Reserve” in the amount of Two Hundred Fifty Thousand Dollars and No Cents ($250,000.00), separate from and in addition to the Purchase Price, to be held in escrow pending the completion of the fence to the satisfaction of Seller, with final approval of the fence to be granted in Seller’s sole and unreviewable discretion. Upon timely completion of the fence to the satisfaction of Seller, Seller shall authorize the Escrow Agent to release the funds in full to Purchaser. In the event the Purchaser fails to timely complete the fence to the satisfaction of Seller, the reserve funds shall be released to the Seller. In such event, Purchaser, on behalf of itself, its successors, heirs, and/or assigns, hereby (i) grants access to the Property to the Seller, its contractors, subcontractors, agents, and/or assigns, (ii) consents to and approves all action taken by the Seller to build and complete the fence, (iii) grants a limited power-of-attorney to sign on behalf of Purchaser any and all documents necessary to procure approvals, permits, and any other authorization required to build and complete the fence; and (iv) hereby waives any and all claims against the Seller that arise or may arise out of this provision, whether relating to the build of the fence, the release, retention, or expenditure of any of the reserved funds herein referenced, or otherwise.
(A) No construction, improvements, and/or development on the Property shall occur after Closing unless and until the fence is built and completed to the satisfaction of Seller in accordance with the terms set forth herein. The Purchaser shall not sell, assign, convey, or otherwise transfer its interest in the Property, in whole or in part, unless and until the fence is built and completed to the satisfaction of Seller in accordance with the terms set forth...