Property Owners Association. If the Property is subject to mandatory membership in a property owners' association, Seller shall notify Purchaser of the current annual budget of the property owners' association, and the current authorized fees, dues and/or assessments relating to the Property. In addition, Seller shall give to Purchaser the written notice required under §5.012 of the Texas Property Code, if applicable, and Purchaser agrees to acknowledge receipt of the notice in writing. Also, Seller shall give to Purchaser the resale certificate required under Chapter 207 of the Texas Property Code, if applicable, and Purchaser agrees to acknowledge receipt of the resale certificate in writing.
Property Owners Association. Developer shall submit to the city for review at Final Approval and record with the final plat(s) documents necessary to establish and maintain a Property Owner’s (Home Owner’s) Association (aka HOA or POA), including a Declaration and Restrictive Covenants and other documents necessary for the following purposes:
Property Owners Association. 18.1 It is recorded that a property owners association shall be established for the benefit of all owners of properties within the Development as depicted on the Site Development Plan marked Annexure “B” and as provided for in the Constitution as per Annexure “C”.
Property Owners Association. The Property is is not part of or included in a Property Owner’s Association. If Property is in a Property Owners’ Association, Seller authorizes Broker to contact , phone # , Seller’s Property Owners’ Association Management Company/Manager for any information regarding the Property Owners’ Association. If Property is a condominium, Seller agrees to obtain and provide Buyer(s) with all items and information required under the terms of a purchase agreement, written request from Buyer and/or Section 35-8A-409(a) of the Alabama Uniform Condominium Act, including but not limited to association documents, bylaws, declarations, covenants, budgets, minutes and information regarding assessments and dues. Seller further agrees to pay all costs associated with obtaining such items and information. Seller is aware of the following assessments issued by the Property Owners’ association, or pending assessments which are likely to be assessed in the future:
Property Owners Association. 8.1 The purpose of the establishment of the POA is to ensure that the Township is administered in accordance with the standards associated with a secure light industrial township in order to fulfill and implement the objects and purposes as set out in the Memorandum and Articles.
Property Owners Association. DEVELOPER agrees to cause the formation of a Property Owners Association (the “R&R Commerce Park Property Owners Association”) prior to the annexation of DISTRICT by CITY, regardless of whether such annexation is a complete annexation or a partial annexation, unless such requirement is waived by the City Administrator. This provision shall not be construed as a limitation on CITY’s annexation authority, but rather as an obligation assumed by DEVELOPER that must be accomplished prior to the effective date of any such annexation.
Property Owners Association. That at such time as Developer may determine at his sole discretion, the Developer shall have the authority but not the obligation to notify each tract owner of the time, date, and a place of a meeting of all tract owners to be held for the purpose of organizing a Property Owner's Association. A majority of the votes of the Tract owners in attendance at such meetings or by written proxy shall be sufficient to transact business at such meeting. Each Tract owner, including Developer, attending or represented by written proxy at such meetings shall have one vote for each Tract owned by such owner on all business to come before the meeting. Upon the creation and organization of such organization, as non-profit corporation, or otherwise, Developer shall transfer and assign to the association the current balance of the maintenance funds, if any. Thereafter such association shall have the power, authority and obligation to maintain the maintenance assessment. All such assessments upon any tract in the development shall become the personal obligation of the owners of such Tract and such association is hereby granted a lien upon each lot to secure the payments of such assessments, permitting said association such rights to enforce said liens.
Property Owners Association. (a) Every property owner in the Subdivision shall be a member of the Property Owners Association, and the Property Owners Association shall be a property owners association as defined by the Texas Property Code. The Board of Directors of the Property Owners Association shall have the right to enforce, by any proceeding at law or in equity, all restrictions, conditions, and reservations now or hereafter imposed by these restrictions, and said lawsuit to be brought in the name of the Property Owners Association, upon a vote by the majority of the Board of the Directors of the Property Owners Association at the duly called meeting of the Board at which a quorum of Directors is present, against any lot owner who is delinquent in payment of the maintenance fees, as delinquent is defined in these restrictions, and Bylaws of the Property Owners Association, as well for enforcement of any other deed restriction violation.
Property Owners Association. The Developer of Parcel A may establish, in its discretion, 1 or more property owners associations for Parcel A (the “Association”). The Association and/or the Developer shall own and be responsible for maintenance of internal roadways (other than those dedicated to and accepted by the City, lighting, common landscape improvements, fencing, signage, pedestrian easements, the MSSW system components and any common property or facilities within Parcel A. The Association and/or Developer shall have the right to transfer the maintenance obligation and title to any of the common property or facilities to any successor-in-interest. The Association or Developer may transfer title of common property to the City or other entity if so authorized by the City; provided, however, that the City is under no obligation to accept the transfer of title.
Property Owners Association. Owner will create a Property Owners Association (“Association”), and shall establish bylaws, rules, regulations, and restrictive covenants (collectively the “Association Regulations”) to assure the Association performs and accomplishes the duties and purposes required to be performed and accomplished by the Association pursuant to this Agreement. The owner of each lot in the Subdivision shall be required to be a member of the Association, and unpaid dues or assessments shall be and constitute a lien on the lot for which they are assessed. The Association regulations will establish periodic Association dues and assessments, to be charged and paid by the lot owners in the Project, that are and will be sufficient to maintain (a) the drainage easements and improvements within the Property (the “Drainage”); (b) any part or portion of the Property that is dedicated to the Association (the “Dedicated Property”); and (c) maintenance and operation of the parkland and all of the trails and public amenities identified in Exhibit “D” in accordance with Section 4.6 above. The Association Regulations will require the periodic dues and assessments to be increased from time to time as necessary to provide the funds required for the maintenance of the Drainage, Dedicated Property and Public Amenities, and to provide funds required for the management and operation of the Association.
