Common use of MASTER DEED Clause in Contracts

MASTER DEED. The developer shall submit to the Township a proposed Master Deed and Bylaws, including the Exhibit B condominium plan (“Master Deed”), for the Project. The proposed documents shall be subject to review and approval by the Township Attorney and Township staff prior to recording. The Master Deed shall be fully executed and recorded prior to the issuance of any certificate of occupancy by the Township. As part of the Master Deed, there shall be provisions obligating Developer and all future successor owners of the applicable portions of the Property to maintain and preserve all the Improvements, the private roads, drives, entranceways, parking, walkways, screening walls, landscaping, lighting, signage, greenbelts, open areas, pedestrian walkways and open area amenities, setbacks, the System and related easements and any other private common elements and Improvements for or within the Project in good working order and appearance at all times and in accordance with the Development Documents and Section 11 of this Development Agreement. The Master Deed shall also contain reference to the actions which may be taken by the Township pursuant to Section 11 in the event that the Improvements are not preserved, maintained or repaired. Additionally, the Master Deed shall identify and make reference to the Development Documents and the regulations of the Property therein, including a reference to this Development Agreement. In the event an Association is not created under Section 11 of this Development Agreement, the Master Deed shall contain provisions providing for the continued maintenance/repair of the Improvements, at no cost to the Township, and provisions requiring the levying and collection of assessments as necessary to pay the cost of such repair/maintenance and to ensure the ability to pay the cost of future repairs and maintenance of the Improvements. In addition, the Master Deed shall contain provisions granting the Township the right to enter the Property to maintain/repair the Improvements and to collect the costs associated with such action as set forth in Section 11(vi) and (vii).

MASTER DEED. The developer shall submit to the Township a proposed Master Deed and Bylaws, including the Exhibit B condominium plan (“Master Deed”), for the Project. The proposed documents shall be subject to review and approval by the Township Attorney and Township staff prior to recording. The Master Deed shall be fully executed and recorded prior to the issuance of any certificate of occupancy building permit by the Township. As part of the Master Deed, there shall be provisions obligating Developer and all future successor owners of the applicable portions of the Property to maintain and preserve all the Improvements, the private roads, drives, entranceways, parking, walkways, screening walls, landscaping, lighting, signage, greenbelts, open areas, pedestrian walkways and open area amenities, setbacks, the System and related easements and any other private common elements and Improvements for or within the Project in good working order and appearance at all times and in accordance with the Development Documents and Section 11 10 of this Development Agreement. The Master Deed shall also contain reference to the actions which may be taken by the Township pursuant to Section 11 10 in the event that the Improvements are not preserved, maintained or repaired. Additionally, the Master Deed shall identify and make reference to the Development Documents and the regulations of the Property therein, including a reference to this Development Agreement. In the event an Association is not created under Section 11 of this Development Agreement, the The Master Deed shall contain provisions providing for the continued maintenance/repair of the Improvements, at no cost to the Township, and provisions requiring the levying and collection of assessments as necessary to pay the cost of such repair/maintenance and to ensure the ability to pay the cost of future repairs and maintenance of the Improvements. In addition, the Master Deed shall contain provisions granting the Township the right to enter the Property to maintain/repair the Improvements and to collect the costs associated with such action as set forth in Section 11(vi10(vi) and (vii). The Township shall approve in writing any amendment to the Master Deed.