Homeowner Associations Clause Samples
The Homeowner Associations clause defines the rights and obligations of parties regarding any homeowner association (HOA) that governs the property. It typically requires the seller to disclose the existence of an HOA, provide relevant documents such as bylaws or financial statements, and inform the buyer of any fees or restrictions imposed by the association. This clause ensures that buyers are fully aware of any additional rules, costs, or obligations associated with the property, thereby preventing disputes and promoting transparency in the transaction.
Homeowner Associations. (a) WP Disclosure Schedule Section 4.19 contains an accurate and complete list of all homeowner associations (the "WP Homeowner Associations") in which any of the WP Entities has or has had declarant rights.
(b) Except as set forth on WP Disclosure Schedule Section 4.19, to the knowledge of the WP Partners and the WP Entities, (i) all restrictive covenants and other documents used by any of the WP Entities in connection with the creation and operation of the WP Homeowner Associations (A) in which any of the WP Entities previously had declarant rights complied in all material respects with applicable laws at the time the same were promulgated, and (B) in which any of the WP Entities currently has declarant rights currently comply in all material respects with applicable laws, and (ii) all material disclosures and deliveries of information and documents required by applicable laws as to such WP Homeowner Associations and their creation and operation have been materially complied with.
(c) To the knowledge of the WP Partners and the WP Entities, WP Disclosure Schedule Section 4.19 contains an accurate and complete list of all amounts in excess of $2,000,000 owing between the WP Homeowners Associations and any of the WP Entities.
(d) To the knowledge of the WP Partners and the WP Entities, no other claims exist by a WP Homeowner Association against any of the WP Entities, and to the knowledge of the WP Partners and the WP Entities, each WP Homeowner Association has been operated, so long as any of the WP Entities has participated therein, in accordance with applicable laws.
Homeowner Associations. SECTION 5.20 ....................................................Assets Necessary to the ▇▇▇▇▇▇▇ Business
Homeowner Associations. 29 4.20 Assets Necessary to the WP Business...........................................................29 4.21 Accuracy of Information Furnished.............................................................29
Homeowner Associations. For Properties belonging to a homeowner’s association, a small monthly fee will be charged. Manager will work with the association for tenant communication, violations, etc.
Homeowner Associations. (a) The Property may be located in a community that may maintain amenities such as a clubhouse, golf, pool, tennis, exercise facility, laundry, or similar amenities or provide some utility services to the Property. With respect to such homeowner’s associations and/or amenities, Manager makes no representations as to: (1) whether any association exists; (2) whether the owner is a member and is current with any applicable dues; (3) whether such amenities are available to a Non-Owner Tenant, including a tenant. Manager encourages Tenant to fully investigate the availability of such amenities, and to determine whether such amenities would be available to a person in a tenancy situation, the cost thereof, and any and all other factors which might be important to Tenant in selecting this Property.
Homeowner Associations. Tenants are aware that the property, its occupants and guests must obey the ______________________ restrictive covenants and/or house rules as part of this lease. Tenants shall inform Agent of all citations received. Tenants are liable for fines assessed by the governing associations. Tenant shall register with Association (if applicable) within 3 days of occupying property. Tenants shall also arrange move-in and move-out times with the Association, if applicable.
Homeowner Associations. Tenant agrees to abide by the Homeowners Association,. The Rules & Regulations for this Association are specified in the Attachment of this Rental/Lease Agreement and tenant acknowledges a copy of these Rules & Regulations.
Homeowner Associations. For all properties which have an HOA/COA or the like, there will be a monthly charge of $XX.
Homeowner Associations. (a) Schedule 7.39 shall set forth a list of all homeowner associations (the "Homeowner Associations") in which the Company has or has had declarant rights.
(b) Except as to be set forth on Schedule 7.39, to Sellers' Knowledge, (i) all restrictive covenants and other documents used by the Company in connection with the creation and operation of the Homeowner Associations (A) in which the Company previously had declarant rights complied in all material respects with Applicable Laws at the time the same were promulgated, and (B) in which the Company currently has declarant rights currently comply in all material respects with Applicable Laws, and (ii) all material disclosures and deliveries of information and documents required by Applicable Laws as to such Homeowner Associations and their creation and operation have been materially complied with.
(c) To Sellers' Knowledge, Schedule 7.39 shall set forth all amounts owing between the Homeowners Associations and the Company.
(d) To the Sellers' Knowledge, no other Claims exist by a Homeowner Association against the Company or any Affiliate of Company, and to the Knowledge of Sellers, each Homeowner Association has been operated, so long as the Company has participated therein, in accordance with Applicable Laws.
Homeowner Associations. If Company has timely provided all required information related to the HOA governing the Property set forth in Exhibit A (collectively, the “HOA Information”), Manager shall serve as each Owner’s liaison with any homeowners or community associations or similar governing organizations of which a Property may be a part (collectively, a “HOA”), and Company authorizes Manager to receive all notices and other information from such HOAs on behalf of such Owner and to provide all information that is reasonably requested by any such HOA. If Company has timely provided, the HOA Information, Manager shall pay when due any ▇▇▇ ▇▇▇▇, costs and expenses (“▇▇▇ ▇▇▇▇”) for any applicable Property for which Manager has received an invoice. If Company has timely provided, the HOA Information, Manager shall maintain current records of each HOA, including such HOA’s name, address and contact person(s) and maintain all invoices, receipts and any other supporting documentation relating to each payment of ▇▇▇ ▇▇▇▇ made by Manager, such records to be kept by Manager in accordance with this Agreement and reported by Manager to Company in accordance with Section 4.05 of this Agreement. Company shall be responsible for reimbursing Manager for ▇▇▇ ▇▇▇▇ paid by Manager.