Land Owner’s Obligations. 3.1 The Land Owner shall permit the Trust, its agents, employees or contractors, access to the Property at reasonable times and on reasonable notice during the Agreement Period to carry out the Works and to inspect the Property and the Ongoing Management. The Land Owner shall make the Trust, its agents, employees or contractors accessing the Property aware of any particular risks or dangers associated with such access, including the whereabouts of any services, utilities or cabling located on the Property.
Land Owner’s Obligations. The Land Owner must pay all property taxes and other government assessments levied upon the Home Sites to the extent not directly assessed to or paid by the residents and all real and personal property taxes and assessments levied on the Common Areas and Community Facilities. If the Home Sites in the Community are taxed under a blanket tax xxxx covering all of the Community, the Land Owner may xxxx the Resident for the Resident’s taxes if the taxing authority provides individual bills. If individual Resident tax bills are not available, the Land Owner must allocate taxes among the residents and their respective Home Sites in an equitable manner based on the lot size, location and other characteristics of the Home Site. Taxes and other assessments assessed on the Common Areas and Community Facilities will be allocated among the residents based upon the total number of Home Sites in the Community or if more equitable, based on the characteristics of the Home Sites. If the Land Owner has received the tax xxxx, it will deliver to each Resident a copy of the Resident’s tax xxxx, along with a written notice stating the Resident’s obligation to pay the proportionate share of the tax installment by the stated delinquency date. The tax notice provided by the Land Owner will itemize the taxes and assessments owed by the Resident and state how the Resident’s share was determined. The tax notice will state any additional charges that may be assessed if the Resident does not pay the Resident’s proportionate share by the date stated in the notice. To the extent under the control of the Land Owner, it will use reasonable efforts to send the tax xxxx and notice at least 45 days prior to the delinquency date of any tax installment or payment due date. At the discretion of the Land Owner, the Resident’s taxes may be assessed as part of the Community Charges, provided the Resident’s tax obligation is itemized and documented as described and an annual reconciliation is provided the Resident.
Land Owner’s Obligations. The Land Owner must carry general liability and property damage and flood insurance to compensate the residents, their households and guests, and any other person from any loss, damage, or injury in the Common Areas and the Community Facilities. The cost of Land Owner’s insurance may be included in the Community Charges. The Land Owner may carry general liability and property damage insurance on the Home Sites, but not the Homes, to cover damages to the Home Site and other claims for which the Land Owner would be legally liable. The Land Owner will use reasonable efforts to procure and maintain a general comprehensive liability and property damage insurance policy with the coverage and in the amount that is customary for housing developments of comparable size and facilities and as is required by the Secured Lender. In the event of any destruction of any portion of the Common Areas or the Community Facilities or the Home Sites, the proceeds of any insurance carried by the Land Owner must be used to reconstruct or rebuild the damaged or destroyed property, unless the cost of such reconstruction is not economically feasible. The reconstruction shall be substantially in accordance with the original construction plans, if the plans are available. The terms of the Nondisturbance and Attornment Agreement must include the consent of the Land Owner’s secured lender to these provisions.
