Master Community definition
Examples of Master Community in a sentence
If this is not possible, the Purchaser personally and on behalf of its successors-in-title, permitted successors and assigns acknowledges, agrees and undertakes for the benefit of the Master Developer and the other owners from time to time of any property in the Master Community that the Master Community Declaration is a restriction in perpetuity on the title to the Unit and is equally binding on all owners in the Master Community.
Further, there shall be ongoing works in the Master Community for which also Purchaser hereby acknowledges and agrees.
The Master Developer will levy the Master Community Service Charges on owners and occupiers within the Master Community to cover the costs of Operating the Master Community Facilities and the Purchaser has a continuing obligation (together with all other owners in the Master Community) to contribute towards the Master Community Facilities expenses calculated and payable in accordance with the Master Community Declaration.
The Master Community is further described in the Master Community Declaration issued from time to time by the Master Developer which states the process of governance of the Master Community by the Master Developer.
The Master Developer is responsible for managing the Master Community in accordance with the Master Community Declaration.
A copy of the Master Community Declaration is attached to this Statement at Appendix B with the JOPD available at URL Link.
Name of Master Community “▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (▇▇▇▇▇▇), ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇” Master Community Facilities There are a number of shared areas and facilities within the Master Community that are designated as “Master Community Facilities” which are available to the owners and occupiers within the Master Community subject to the provisions contained in the Master Community Declaration.
Service Charges The Building Owners Association will levy Service Charges on the Unit Owners to cover the costs of Operating the Building Common Areas (which may also include the Unit Owner’s share of Master Community Service Charges levied on the Building) and the Purchaser has a continuing obligation (together with all other Unit Owners) to contribute towards such expenses calculated and payable in accordance with the Building JOPD.
Master Community Facilities There are a number of shared areas and facilities within the Master Community that are designated as “Master Community Facilities” which are available to the owners and occupiers within the Master Community subject to the provisions contained in the Master Community Declaration and the requirements of the Master Developer.
The Master Developer will levy the Master Community Service Charges on owners and occupiers within the Master Community (including the Building Owners Association in respect of the Building) to cover the costs of Operating the Master Community Facilities and the Purchaser has a continuing obligation (together with all other owners in the Master Community) to contribute towards the Master Community Facilities expenses calculated and payable in accordance with the Master Community Declaration.