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. The Developer shall establish a Property [Home] Owners Association for the Development with By-laws, rules and regulations consistent with this Agreement, pertinent City Ordinances and Development Codes and state and federal law. The Developer shall submit the organizational documents to the City Attorney for verification of the inclusion of pertinent terms of this Agreement prior to the recordation of same. The Developer must file in the Real Property Records of Parker County, Texas, a Declaration of - Covenants, Conditions and Restrictions (“Restrictions”). Membership shall be mandatory for all homeowners. The Property Owners Association shall establish an architectural control committee. In addition, the Developer and the Property Owners Association shall be responsible for maintaining all private streets, private utilities and private and public common areas, open spaces and facilities, and for enforcing the Restrictions, ; but the City also shall have the right, but not the obligation, to enforce the Restrictions following 30 day notice issued by the City in the event Developer or Property Owners Association fails to perform.
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.
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. The provisions as set forth in Exhibit F, Section XV shall apply with respect to the establishment of a MPOA and individual Property Owner’s Associations. Furthermore, the Town agrees to maintain the Facilities, if any, that are accepted by the Town, pursuant to the applicable provisions of the Current Regulations, upon tender by the Developer, provided said Facilities are designed for construction in accordance with the specifications approved by the Town, and provided further that the Facilities, as built, are in good condition and not subject to any monetary lien.
Property Owners Association. DEVELOPER shall cause the formation of a homeowners association (the “The Reserve at Xxxxxx Point 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.
