Common use of Homeowners’ Association Documents Clause in Contracts

Homeowners’ Association Documents. The term Association Documents consists of all owners’ associations 252 (Association) declarations, bylaws, operating agreements, rules and regulations, party wall agreements, minutes of most recent 253 annual owners’ meeting and minutes of any directors’ or managers’ meetings during the six-month period immediately preceding 254 the date of this Contract, if any (Governing Documents), most recent financial documents consisting of (1) annual balance sheet, 255 (2) annual income and expenditures statement, and (3) annual budget (Financial Documents), if any (collectively, Association 256 Documents). 257 7.3.1. Common Interest Community Disclosure. THE PROPERTY IS LOCATED WITHIN A COMMON 258 INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR SUCH COMMUNITY. THE OWNER 259 OF THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNER’S ASSOCIATION FOR THE 260 COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE 261 ASSOCIATION. THE DECLARATION, BYLAWS, AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL 262 OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY 263 ASSESSMENTS OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE 264 ASSOCIATION COULD PLACE A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE 265 DECLARATION, BYLAWS, AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE 266 OWNER FROM MAKING CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE 267 ASSOCIATION (OR A COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATION. 268 PURCHASERS OF PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE 269 FINANCIAL OBLIGATIONS OF MEMBERS OF THE ASSOCIATION. PURCHASERS SHOULD CAREFULLY 270 READ THE DECLARATION FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF 271 THE ASSOCIATION. 272 7.3.2. Association Documents to Buyer.

Homeowners’ Association Documents. The term Association Documents consists of all owners’ associations 252 253 (Association) declarations, bylaws, operating agreements, rules and regulations, party wall agreements, minutes of most recent 253 254 annual owners’ meeting and minutes of any directors’ or managers’ meetings during the six-month period immediately preceding 254 255 the date of this Contract, if any (Governing Documents), most recent financial documents consisting of (1) annual balance sheet, 255 256 (2) annual income and expenditures statement, and (3) annual budget (Financial Documents), if any (collectively, Association 256 257 Documents). 257 258 7.3.1. Common Interest Community Disclosure. THE PROPERTY IS LOCATED WITHIN A COMMON 258 259 INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR SUCH COMMUNITY. THE OWNER 259 260 OF THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNER’S ASSOCIATION FOR THE 260 261 COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE 261 262 ASSOCIATION. THE DECLARATION, BYLAWS, AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL 262 263 OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY 263 264 ASSESSMENTS OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE 264 265 ASSOCIATION COULD PLACE A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE 265 266 DECLARATION, BYLAWS, AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE 266 267 OWNER FROM MAKING CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE 267 268 ASSOCIATION (OR A COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATION. 268 269 PURCHASERS OF PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE 269 270 FINANCIAL OBLIGATIONS OF MEMBERS OF THE ASSOCIATION. PURCHASERS SHOULD CAREFULLY 270 271 READ THE DECLARATION FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF 271 272 THE ASSOCIATION. 272 273 7.3.2. Association Documents to Buyer.

Homeowners’ Association Documents. The term Association Documents consists of all owners’ associations 252 234 (Association) declarations, bylaws, operating agreements, rules and regulations, party wall agreements, minutes of most recent 253 annual 235 owners’ meeting and minutes of any directors’ or managers’ meetings during the six-month period immediately preceding 254 the date of 236 this Contract, if any (Governing Documents), most recent financial documents consisting of (1) annual balance sheet, 255 (2) annual 237 income and expenditures statement, and (3) annual budget (Financial Documents), if any (collectively, Association 256 Documents). 257 238 7.3.1. Common Interest Community Disclosure. THE PROPERTY IS LOCATED WITHIN A COMMON 258 239 INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR SUCH COMMUNITY. THE OWNER 259 240 OF THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNER’S ASSOCIATION FOR THE 260 241 COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE 261 242 ASSOCIATION. THE DECLARATION, BYLAWS, AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL 262 243 OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY 263 244 ASSESSMENTS OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE 264 245 ASSOCIATION COULD PLACE A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE 265 246 DECLARATION, BYLAWS, AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE 266 247 OWNER FROM MAKING CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE 267 248 ASSOCIATION (OR A COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATION. 268 249 PURCHASERS OF PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE 269 250 FINANCIAL OBLIGATIONS OF MEMBERS OF THE ASSOCIATION. PURCHASERS SHOULD CAREFULLY 270 251 READ THE DECLARATION FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF 271 252 THE ASSOCIATION. 272 253 7.3.2. Association Documents to Buyer.

Homeowners’ Association Documents. The term Association Documents consists of all owners’ associations 252 234 (Association) declarations, bylaws, operating agreements, rules and regulations, party wall agreements, minutes of most recent 253 annual 235 owners’ meeting and minutes of any directors’ or managers’ meetings during the six-month period immediately preceding 254 the date of 236 this Contract, if any (Governing Documents), most recent financial documents consisting of (1) annual balance sheet, 255 (2) annual 237 income and expenditures statement, and (3) annual budget (Financial Documents), if any (collectively, Association 256 Documents). 257 238 7.3.1. Common Interest Community Disclosure. THE PROPERTY IS LOCATED WITHIN A COMMON 258 239 INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR SUCH COMMUNITY. THE OWNER 259 240 OF THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNER’S ASSOCIATION FOR THE 260 241 COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE 261 242 ASSOCIATION. THE DECLARATION, BYLAWS, AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL 262 243 OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY 263 244 ASSESSMENTS OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE 264 ASSOCIATION COULD PLACE 000 XXXXXXXXXXX XXXXX XXXXX A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE 265 246 DECLARATION, BYLAWS, AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE 266 247 OWNER FROM MAKING CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE 267 248 ASSOCIATION (OR A COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATION. 268 249 PURCHASERS OF PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE 269 250 FINANCIAL OBLIGATIONS OF MEMBERS OF THE ASSOCIATION. PURCHASERS SHOULD CAREFULLY 270 251 READ THE DECLARATION FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF 271 252 THE ASSOCIATION. 272 253 7.3.2. Association Documents to Buyer.

Homeowners’ Association Documents. The term Association Documents consists of all owners’ associations 252 259 (Association) declarations, bylaws, operating agreements, rules and regulations, party wall agreements, minutes of most recent 253 260 annual owners’ meeting and minutes of any directors’ or managers’ meetings during the six-month period immediately preceding 254 261 the date of this Contract, if any (Governing Documents), most recent financial documents consisting of (1) annual balance sheet, 255 262 (2) annual income and expenditures statement, and (3) annual budget (Financial Documents), if any (collectively, Association 256 263 Documents). 257 264 7.3.1. Common Interest Community Disclosure. THE PROPERTY IS LOCATED WITHIN A COMMON 258 265 INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR SUCH COMMUNITY. THE OWNER 259 266 OF THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNER’S ASSOCIATION FOR THE 260 267 COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE 261 268 ASSOCIATION. THE DECLARATION, BYLAWS, AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL 262 269 OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY 263 270 ASSESSMENTS OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE 264 271 ASSOCIATION COULD PLACE A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE 265 272 DECLARATION, BYLAWS, AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE 266 273 OWNER FROM MAKING CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE 267 274 ASSOCIATION (OR A COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATION. 268 275 PURCHASERS OF PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE 269 276 FINANCIAL OBLIGATIONS OF MEMBERS OF THE ASSOCIATION. PURCHASERS SHOULD CAREFULLY 270 277 READ THE DECLARATION FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF 271 278 THE ASSOCIATION. 272 279 7.3.2. Association Documents to Buyer.

Homeowners’ Association Documents. The term Homeowners’ Association Documents consists (Association Documents) consist of all owners267 the following: 7.6.1. All Homeowners’ associations 252 (Association) Association declarations, bylaws, operating agreements, rules and regulations, party wall 269 agreements, minutes ; 270 7.6.2. Minutes of most recent 253 annual owners’ meeting and minutes meeting; 271 7.6.3. Minutes of any directors’ or managers’ meetings during the six-month period immediately preceding 254 the 272 date of this Contract. If none of the preceding minutes exist, then the most recent minutes, if any (§§ 7.6.1, 7.6.2 and 7.6.3, 273 collectively, Governing Documents), . 274 7.6.4. The most recent financial documents consisting of which consist of: (1) annual and most recent balance sheet, 255 (2) annual 275 and most recent income and expenditures statement, and (3) annual budget budget, and (Financial Documents)4) reserve study, if any (collectively, Association 256 Financial 276 Documents). 257 7.3.1277 7.6.5. Common Interest Community Disclosure. THE PROPERTY IS LOCATED WITHIN A COMMON 258 278 INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR SUCH COMMUNITY. THE OWNER 259 279 OF THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNER’S ASSOCIATION FOR THE 260 280 COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE 261 281 ASSOCIATION. THE DECLARATION, BYLAWS, AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL 262 282 OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY 263 283 ASSESSMENTS OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE 264 284 ASSOCIATION COULD PLACE A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE 265 285 DECLARATION, BYLAWS, AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE 266 286 OWNER FROM MAKING CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE 267 287 ASSOCIATION (OR A COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATION. 268 288 PURCHASERS OF PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE 269 289 FINANCIAL OBLIGATIONS OF MEMBERS OF THE ASSOCIATION. PURCHASERS SHOULD CAREFULLY 270 290 READ THE DECLARATION FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF 271 291 THE ASSOCIATION. 272 7.3.2292 7.6.6. Association Documents to Buyer.

Homeowners’ Association Documents. The term Homeowners’ Association Documents consists (Association Documents) consist of all owners267 the following: 7.6.1. All Homeowners’ associations 252 (Association) Association declarations, bylaws, operating agreements, rules and regulations, party wall 269 agreements, minutes ; 270 7.6.2. Minutes of most recent 253 annual owners’ meeting and minutes meeting; 271 7.6.3. Minutes of any directors’ or managers’ meetings during the six-month period immediately preceding 254 the 272 date of this Contract. If none of the preceding minutes exist, then the most recent minutes, if any (§§ 7.6.1, 7.6.2 and 7.6.3, 273 collectively, Governing Documents), . 274 7.6.4. The most recent financial documents consisting of which consist of: (1) annual and most recent balance sheet, 255 (2) annual 275 and most recent income and expenditures statement, and (3) annual budget budget, and (Financial Documents)4) reserve study, if any (collectively, Association 256 Financial 276 Documents). 257 7.3.1277 7.6.5. Common Interest Community Disclosure. THE PROPERTY IS LOCATED WITHIN A COMMON 258 278 INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR SUCH COMMUNITY. THE OWNER 259 279 OF THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNER’S ASSOCIATION FOR THE 260 280 COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE 261 281 ASSOCIATION. THE DECLARATION, BYLAWS, AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL 262 282 OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY 263 283 ASSESSMENTS OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE 264 ASSOCIATION COULD PLACE 000 XXXXXXXXXXX XXXXX XXXXX A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE 265 285 DECLARATION, BYLAWS, AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE 266 286 OWNER FROM MAKING CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE 267 287 ASSOCIATION (OR A COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATION. 268 288 PURCHASERS OF PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE 269 289 FINANCIAL OBLIGATIONS OF MEMBERS OF THE ASSOCIATION. PURCHASERS SHOULD CAREFULLY 270 290 READ THE DECLARATION FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF 271 291 THE ASSOCIATION. 272 7.3.2292 7.6.6. Association Documents to Buyer.

Homeowners’ Association Documents. The term Association Documents consists of all owners’ associations 252 (Association) declarations, bylaws, operating agreements, rules and regulations, party wall agreements, minutes of most recent 253 annual owners’ meeting and minutes of any directors’ or managers’ meetings during the six-month period immediately preceding 254 the date of this Contract, if any (Governing Documents), most recent financial documents consisting of (1) annual balance sheet, 255 (2) annual income and expenditures statement, and (3) annual budget (Financial Documents), if any (collectively, Association 256 Documents). 257 7.3.1. Common Interest Community Disclosure. THE PROPERTY IS LOCATED WITHIN A COMMON 258 INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR SUCH COMMUNITY. THE OWNER 259 OF THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNER’S ASSOCIATION FOR THE 260 COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE 261 ASSOCIATION. THE DECLARATION, BYLAWS, AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL 262 OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY 263 ASSESSMENTS OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE 264 ASSOCIATION COULD PLACE 000 XXXXXXXXXXX XXXXX XXXXX A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE 265 DECLARATION, BYLAWS, AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE 266 OWNER FROM MAKING CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE 267 ASSOCIATION (OR A COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATION. 268 PURCHASERS OF PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE 269 FINANCIAL OBLIGATIONS OF MEMBERS OF THE ASSOCIATION. PURCHASERS SHOULD CAREFULLY 270 READ THE DECLARATION FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF 271 THE ASSOCIATION. 272 7.3.2. Association Documents to Buyer.