Parties Bound and Date Sample Clauses

Parties Bound and Date. This Agreement is binding upon and inures to the benefit of Seller, Buyer and their respective heirs, personal representatives, successors and assigns. The date of the Agreement or the “date hereof” is the date this Agreement is signed by Buyer. The current year’s assessment for common expenses allocable to the timeshare interest you are purchasing is $625.00 per annual timeshare period (one week every year) and $312.50 for a biennial timeshare period (one week every other year). This assessment, which may be increased from time to time by the managing entity of the timeshare plan, is payable in full each year on or before January 1st. This assessment includes yearly ad valorem real estate taxes, which are not billed and collected separately. For the purpose of ad valorem assessment, taxation, and special assessments, the managing entity will be considered the taxpayer as your agent pursuant to section 192.037, Florida Statutes. Each owner is personally liable for the payment of her or his assessments for common expenses, and failure to timely pay these assessments may result in restriction or loss of your use and/or ownership rights. There are many important documents relating to the timeshare plan which you should review prior to purchasing a timeshare interest, including the declaration of condominium or covenants and restrictions; the owners’ association articles and bylaws; the current year’s operating and reserve budgets; and any rules and regulations affecting the use of timeshare plan accommodations and facilities. You may cancel this contract without any penalty or obligation within 10 days after the date you sign this contract. If you decide to cancel this contract, you must notify the seller in writing of your intent to cancel. Your notice of cancellation shall be effective upon the date sent and shall be sent to the seller at seller’s address listed on page one of this contract. Any attempt to obtain a waiver of your cancellation right is void and of no effect. While you may execute all closing documents in advance, the closing, as evidenced by delivery of the deed or other document, before expiration of your 10-day cancellation period, is prohibited. Date of Buyer’s Execution: __________________________ ____________________________________________________________ Buyer’s Signature(s) _________________________________________________________ Buyer’s Printed Name(s) Date of Seller's Execution: __________________________ _________________________...