Unit Deed Clause Samples
A Unit Deed is a legal document that establishes the rules, rights, and obligations for the owners of units within a strata or condominium development. It typically outlines the boundaries of each unit, the common property areas, and the responsibilities of both the unit owners and the owners' corporation, such as maintenance duties and payment of levies. By clearly defining these aspects, the Unit Deed ensures orderly management of the property and helps prevent disputes among owners by providing a clear framework for governance and shared responsibilities.
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Unit Deed. At Closing, after payment by Purchaser of the Total Purchase Price and performance by Purchaser of all of Purchaser’s other obligations under this Purchase Agreement, Seller agrees to provide Purchaser a duly executed Unit Deed for the Unit and Purchaser agrees to execute and accept such Unit Deed and thereby acquire fee simple title to the Unit.
Unit Deed. Upon full payment of the total purchase price and all other payments required hereunder, Seller shall convey the unit by Warranty Deed to Buyer, as joint tenants, unless otherwise designated. The Deed shall convey insurable title to the Unit, free from all liens and Dunstan Condo Buyer’s Initials 1 of 9 encumbrances, except easements or restrictions of record, the Condominium Documents, the Master Association Declaration of Covenants, those matters set forth or referred to in the Public Offering Statement, and the terms and restrictions of Government approvals.
Unit Deed. Upon full payment of the Total Purchase Price and all other payments required hereunder, Seller shall convey the Unit by Warranty Deed (the "Deed") running to Buyer, as joint tenants unless otherwise designated. The Deed shall convey a good and clear record and insurable title to the Unit, free of all liens and encumbrances, and insurable as such, except and subject to:
(a) Provisions of (i) the Act, as the same may be amended from time to time and (ii) the Declaration as the same may be amended from time to time by instrument recorded in the Registry of Deeds;
(b) Existing rights, obligations, approvals, easements, restrictions, licenses, covenants and conditions reserved or contained or referenced in the Declaration;
(c) Such taxes and assessments allocable to the Unit for the then current fiscal year as are not due and payable on the date of delivery of the deed;
(d) The laws and regulations of the State of Maine and municipal ordinances, including zoning restrictions, and the terms of land use approvals;
(e) All utility easements of record and rights, restrictions, reservations and obligations as noted on any recorded plans and survey or in the Declaration;
(f) All bylaws, rules and regulations established by the Condominium Association; and
(g) Other matters, easements and encumbrances of record not adversely affecting the beneficial use and enjoyment of the Unit by Buyer or which may be affirmatively insured against forced removal, loss or damage by a national title insurance company without payment of an additional premium. Seller may use the purchase money or any portion thereof to clear the title of any or all encumbrances or interests. ▇▇▇▇▇ acknowledges and agrees that ▇▇▇▇▇▇ EDGE FARM CONDOMINIUMS is a phased condominium development. Buyer consents to such future phased development by Seller and its affiliated entities, and agrees not to oppose such future phased development, provided that Seller, and/or its affiliates, complies with its obligations to Buyer as set forth herein. In the event Buyer opposes such future phased development in violation of the terms of this Agreement, damages may not be an adequate remedy for the Seller, its successors and/or assigns, and its affiliates (the “Damaged Parties”), and therefore the Damaged Parties shall be entitled to an injunction prohibiting such persons from opposing such development.
Unit Deed. Upon full payment of the total purchase price and all other payments required hereunder, Seller shall convey the unit by Warranty Deed to Buyer, as joint tenants, unless otherwise designated. The Seller shall convey insurable title to the unit, free from all liens and encumbrances except easements and restrictions of record as noted in the Public Offering Statement, the Master and Condominium Declaration of Covenants, the Condominium Bylaws and the terms and restrictions of Government Approval.
Unit Deed. Seller agrees that on the Closing Date and upon payment by Purchaser to Escrow of the Purchase Price and Estimate of Additional Sums Payable, as set forth in Sections 3.1 and 3.3 hereof, respectively, and upon payment of all other sums agreed to be paid by Purchaser as set forth herein (all of which sums shall collectively be deposited into Escrow in the form of cash, cashier’s check, or wire transfers at least two (2) business days before the Scheduled Closing Date or such earlier date as required by ▇▇▇▇▇▇), Seller agrees to provide to Purchaser a Unit Deed conveying the Property to Purchaser.
Unit Deed. Two (2) originals of the Unit Deed, duly executed by Buyer, and
Unit Deed. Two (2) original Unit Deeds in the form attached hereto as Exhibit B-2 (the “Unit Deed”), duly executed and acknowledged by Seller and in proper form for recording, conveying the Condominium interest of Seller to the Buyer;