Common use of Seller's and Xxxxx's Rights in the Association of Unit Owners Clause in Contracts

Seller's and Xxxxx's Rights in the Association of Unit Owners. Xxxxx agrees that, until the Board of Directors of the Association is elected at the first annual meeting of the Association, Seller will have the right to exercise all of the powers of the Association and the Board of Directors and officers of the Association, including voting. Xxxxx agrees that Seller will have all of the membership rights in the Association which belong to each unit in the Project (including the Unit covered by this Agreement) until a Condominium Unit Deed covering such unit is recorded.

Appears in 21 contracts

Samples: Reservation and Sales Agreement, Sales Agreement, Sales Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.