Property Owners Association Sample Clauses

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: a. Ownership, collection of fees and dues for maintenance for, and maintenance of all: i. Open space and amenities, including the trail and berm and landscaping along Mill Road (1200 East). ii. Alley ways and private roads. iii. Private infrastructure. b. Review and enforcement of all POA/HOA rules, regulations, and architectural design criteria. Developer and City agree that it is desirable for the development to have high quality homes with architectural details, siding and rock as proposed in the Master Plan and the HOA is necessary to implement this plan.

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”. 18.2 The Purchaser shall automatically become a member of the property association against transfer of the Property and shall remain a member as long as the Purchaser is the registered owner thereof. 18.3 The Purchaser shall be liable for the payment of levies to the property owners association estimated to be the amount referred to in F of the Information Schedule. 18.4 The Purchaser acknowledges that he has acquainted himself with the constitution of the property association as per Annexure “B”. 18.5 The Seller shall register a title deed condition against the Property in terms of which the Property shall not be transferred without the written consent of the property owners association in terms of the constitution. 18.6 The Purchaser acknowledges that until such time as all the buildings on the properties forming part of the Development have been completed, the Seller shall be entitled to approve all building plans on behalf of the property owners association. 18.7 The Purchaser authorizes the Seller to sign, as agent of the property association any such waivers as may be required by the financial institutions who will register mortgage bonds over properties forming part of the Development.

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. 8.2 The Purchaser acknowledges that it is a material term that all owners of ▇▇▇▇▇ in the Township shall become members of the POA (the Purchaser acknowledging that he/she/it is fully acquainted with the provisions of the Memorandum and Articles (which are accessible on the Website) and that the Purchaser’s tenants, where relevant, shall be obliged to comply with the Memorandum and Articles and the Rules. 8.3 Signature of this Agreement by the Purchaser comprises the Purchaser’s application for membership of the POA, which membership shall be so established upon the Transfer Date, and in respect of which a Membership Certificate shall be issued in the name of the Purchaser and retained by POA (or the managing agent (“Managing Agent”) appointed by it) for so long as the Purchaser retains ownership of the Property; a copy of the Membership Certificate shall forthwith, after issue, be provided to the Purchaser. 8.4 Membership of the POA is obligatory for so long as the Purchaser is the owner of the Property. 8.5 Notwithstanding that membership of the POA shall come into existence on the Transfer Date, the Purchaser shall, nevertheless, be obliged to ensure compliance with the provisions as contained in the Articles and the Rules. 8.6.1 The Township will be developed and established on the basis of a secure light industrial township, the components, N4 Gateway East and N4 Gateway West respectively, to be enclosed on the perimeters by a security barrier (wall/fencing with suitable electrification) (“barrier”), controlled access/egress points and such other security measures (comprising “security installations”) and with the provision of such security services (“security services”) as are considered reasonably necessary for the purposes of the maintenance of safety and security of the occupiers of the ▇▇▇▇▇ within the Township (those designated ▇▇▇▇▇ 563 and 564, as indicated on the Plan, Annexure “A”, to be vested in the POA for purposes of establishing the dedicated access/egress points); 8.6.2 the Purchaser shall ensure that he/she/it and his/her/their shareholders, members, directors, officers, employees, invitees and other persons requiring access to the Property comply with all se...

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. After Closing, Buyer shall be ---------------------------- responsible for maintaining the Land including, without limitation, all land lying between individual lots and Villa boundaries and the waters edge of any lake, the improvements constructed on the Land, and all common facilities located therein. To the extent that Buyer may create separate homeowner, condominium or timeshare association(s) for the Land or any portion thereof, Buyer may assign all or a portion of its maintenance obligation hereunder to such association(s). The form of documents creating such association(s) shall be subject to SJH Partnership's review and approval for consistency with the Association Covenants, as defined in Section 12.9 below prior to such documents being executed or recorded in the public records of St. ▇▇▇▇▇ County, Florida, which approval shall not be unreasonably withheld, denied or delayed.

Property Owners Association. DEVELOPER agrees to cause the formation of a homeowners association (“the Southern Pointe Homeowners 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. (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. A Property Owner’s Associations may be established. Membership in the POA will be mandatory for any property owner. The POA will be funded by dues to be established in its recorded restricted covenants. The POA’s responsibility will be to manage the affairs of the MPOA including the enforcement of recorded documents and the maintenance of common areas. The POA’s documents may also establish an Architectural Review Board (ARB) to review and approve all structures and any additions or improvements. This review will be for aesthetic purposes (e.g., height, architectural detail, materials, and colors) and does not replace the building permit review and approval by the Town. The Town agrees that it will not establish an architectural review body during the term of this Agreement that replaces or duplicates the jurisdiction of the ARB as reserved under this paragraph.