Common use of OWNER DISCLOSURES Clause in Contracts

OWNER DISCLOSURES. Prior to entering this Agreement, Owner shall fully disclose to Manager, any problems, or potential problems with the Property including but not limited to ongoing or possible lawsuits, construction or structural defects, problems affecting habitability (e.g. pest infestations, mold, plumbing, water leaks, methamphetamine use or manufacture), whether owner is a party to any bankruptcy proceedings, a guarantor of any delinquent mortgage(s), tax liens, property line encroachments, neighbor disputes, CC&R violations, any federal, state, or local statute, law, rule, regulation, ordinance, or code violations or any other situation that may adversely affect Managers ability to provide the Management Services effectively and efficiently. The responsibility of the Owner to disclose matters of the foregoing nature and type is ongoing. Owner has a duty to promptly report such matters throughout the term of this Agreement. Manager may terminate this Agreement upon 24 hour notice if discovered that the Owner intentionally misled or otherwise negligently failed to disclose any problems of the type or nature described in this Owner Disclosure Provision.

OWNER DISCLOSURES. Prior to entering this Agreement, Owner shall fully disclose to Manager, any problems, or potential problems with the Property including but not limited to ongoing or possible lawsuits, construction or structural defects, problems affecting habitability (e.g. pest infestations, mold, plumbing, water leaks, methamphetamine use or manufacture), whether owner Owner is a party to any bankruptcy proceedings, a guarantor of any delinquent mortgage(s), tax liens, property line encroachments, neighbor disputes, CC&R violations, any federal, state, or local statute, law, rule, regulation, ordinance, or code violations or any other situation that may adversely affect Managers ability to provide the Management Services effectively and efficiently. The responsibility of the Owner to disclose matters of the foregoing nature and type is ongoing. Owner has a duty to promptly report such matters throughout the term of this Agreement. Manager may terminate this Agreement upon 24 hour notice if discovered that the Owner intentionally misled or otherwise negligently failed to disclose any problems of the type or nature described in this Owner Disclosure Provision.

OWNER DISCLOSURES. Prior to entering this Agreement, Owner shall fully disclose to Manager, any problems, or potential problems with the Property including but not limited to ongoing or possible lawsuits, construction or structural defects, problems affecting habitability (e.g. pest infestations, mold, plumbing, water leaks, methamphetamine use or manufacture), whether owner is a party to any bankruptcy proceedings, a guarantor of any delinquent mortgage(s), tax liens, property line encroachments, neighbor disputes, CC&R violations, any federal, state, or local statute, law, rule, regulation, ordinance, or code violations or any other situation that may adversely affect Managers ability to provide the Management Services effectively and efficiently. The responsibility of the Owner to disclose matters of the foregoing nature and type is ongoing. Owner has a duty to promptly report such matters throughout the term of this Agreement. Manager may terminate this Agreement upon 24 hour notice if discovered it discovers that the Owner intentionally misled or otherwise negligently failed to disclose any problems of the type or nature described in this Owner Disclosure Provision.