COMMON-INTEREST COMMUNITIES Sample Clauses

COMMON-INTEREST COMMUNITIES. If the Property is subject to a Common Interest Community (“CIC”), Seller or his authorized agent shall request the CIC documents and certificate listed in NRS 116.4109 (collectively, the “resale package”) within two (2) business days of Acceptance and provide the same to Buyer within on (1) business day of Seller’s receipt thereof. Buyer may cancel this Agreement without penalty until midnight of the fifth (5th) calendar day following the date of receipt of the resale package. If Buyer does not receive the resale package within fifteen (15) calendar days of Acceptance, this Agreement may be cancelled in full by Buyer without penalty. If Buyer elects to cancel this Agreement pursuant to this section, he must deliver, via hand delivery or prepaid U.S. mail, a written notice of cancellation to Seller or his authorized agent identified in the Confirmation of Representation at the end of this Agreement. Upon such written cancellation, Buyer shall promptly receive a refund of the EMD. The parties agree to execute any documents requested by ESCROW HOLDER to facilitate the refund. If written cancellation is not received within the specified time period, the resale package will be deemed approved. Seller shall pay all outstanding CIC fines or penalties at XXX.
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COMMON-INTEREST COMMUNITIES. If the Property is subject to a Common Interest Community (“CIC”),
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COMMON-INTEREST COMMUNITIES. If the Property is subject to a Common Interest Community ("CIC"), 21 Seller shall provide AT SELLER's EXPENSE the CIC documents as required by NRS 116.4109 (collectively, the "resale 22 package"). Seller shall request the resale package within two (2) business days of Acceptance and provide the same to Buyer 23 within one (1) business day of Seller's receipt thereof. 24
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COMMON-INTEREST COMMUNITIES. The General Assembly considered two bills addressing common interest communities. Current law authorizes the creation of common interest communities to be governed by unit owners' or homeowners' associations (HOAs). Currently, there are approximately 12,000 common interest communities or HOAs in Colorado. House Bill 10-1278 creates an HOA information officer and HOA Information and Resource Center in the Division of Real Estate, under the Department of Regulatory Agencies. The center will serve as a clearinghouse for information concerning the rights and duties of unit owners, declarants, and unit owners' associations. The office may also track inquiries and complaints concerning HOAs. Under the new law, every HOA in the state must register with the director of the Division of Real Estate on an annual basis, and an annual registration fee will be established and distributed to the HOA Information and Resource Center Cash Fund, to cover the operating expenses of the HOA Information and Resource Center. An HOA that fails to register with the division, or whose annual registration has expired, is ineligible to impose or enforce a lien for assessments, pursue any action, or employ any enforcement mechanism until it obtains a valid registration. The bill also requires a sunset review of the HOA Information and Resource Center by September 1, 2020. House Bill 10-1290, which was lost on third reading in the House of Representatives, would have allowed a small common interest community to be exempt from most of the provisions of the Colorado Common Interest Ownership Act (CCIOA), upon a vote of its members or shareholders. The bill would have applied to common interest communities that have 20 units or less, do not impose expense assessments of over $400 per year, or have annual revenue or expenses of less than $250,000. Manufactured Homes One piece of legislation addressed the rights of mobile home owners. Senate Bill 10-156 provides additional protections from eviction without cause and from eviction with short notice to mobile home owners who lease space in mobile home parks. Additionally, the bill requires a mobile home park owner to notify the municipality or county where the park is located if it intends to change the land use of the mobile home park one year before the change in use. A mobile home park landlord must allow a county or municipal officers access to the park for the purposes of investigating or conducting any studies relating to the sufficiency...
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COMMON-INTEREST COMMUNITIES. If Property is located within a Common Interest Community (“CIC”), Owner understands and agrees Broker is not involved in and has no control over the CIC. Owner understands the CIC’s Declarations of Covenants, Conditions a Restrictions (“CC&Rs”) may restrict the leasing of the Property, and it is Owner’s sole responsibility to determine whether the property is so affected. Broker assumes no liability for any costs associated with a tenant’s move-out. Broker assumes no liability of understanding or complying with the CC&Rs, and has no responsibility for any future amendments or additions to the CC&Rs. Owner remains solely responsible for assessments, violations and fines/fees payable to the CIC, and agrees to reimburse Broker for any such assessments, xxxx or fee which Broker may pay on Owner’s behalf. Any subsequent and separate notice which identifies Broker as Owner’s property manager will not affect the terms of this section. Owner must promptly notify CIC of Broker’s role as property manager for Owner with respect to Property and request copies of all future correspondence from CIC concerning property be sent to Broker.
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COMMON-INTEREST COMMUNITIES. If the Property is subject to a Common Interest Community (“CIC”), 40 Seller shall provide AT SELLER’s EXPENSE the CIC documents as required by NRS 116.4109 (collectively, the “resale 41 package”). Seller shall request the resale package within two (2) business days of Acceptance and provide the same to Buyer 42 within one (1) business day of Seller’s receipt thereof. Each party acknowledges that he/she has read, understood, and agrees to each and every provision of this page unless a particular paragraph is otherwise modified by addendum or counteroffer. Buyer’s Name: Xxxxx X. Xxxx Property Address: 225 Xxxx CRT Mesquite 89027 BUYER(S) INITIALS: / SELLER(S) INITIALS: / Authentisign ID: A98FF3F6-980E-46BD-B133-716B809BA7C5 2  Pursuant to NRS 116.4109, Buyer may cancel this Agreement without penalty until midnight of the fifth (5th) 3 calendar day following the date of receipt of the resale package. If Buyer elects to cancel this Agreement pursuant 4 to this statute, he/she must deliver, via hand delivery or prepaid U.S. mail, a written notice of cancellation to Seller or 5 his authorized agent.
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Related to COMMON-INTEREST COMMUNITIES

  • State Funding (a) This Contract shall not be construed as creating any debt on behalf of the State of Texas and/or the GLO in violation of Article III, Section 49, of the Texas Constitution. In compliance with Article VIII, Section 6, of the Texas Constitution, it is understood that all obligations of the GLO hereunder are subject to the availability of state funds. If such funds are not appropriated or become unavailable, the GLO may terminate this Contract. In that event, the Parties shall be discharged from further obligations, subject to the equitable settlement of their respective interests, accrued up to the date of termination.

  • Qualified HSA Funding Distribution If you are eligible to contribute to a health savings account (HSA), you may be eligible to take a one-time tax-free HSA funding distribution from your IRA and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of high deductible health plan coverage (i.e., single or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. For further detailed information, you may wish to obtain IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans.

  • Union Membership Every employee who is now or hereafter becomes a member of the Union shall maintain membership in the Union as a condition of employment, and every new employee whose employment commences hereafter shall, within thirty (30) days after the commencement of employment, apply for and maintain membership in the Union, as a condition of employment, provided that any employee in the appropriate bargaining unit, who is not required to maintain membership or apply for and maintain membership in the Union, shall, as a condition of employment, tender to the Union the periodic dues uniformly required to be paid by the members of the Union.

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