Common use of Unpaid Charges Clause in Contracts

Unpaid Charges. There is a lien on the Interval to secure payment of Charges. If the Owner has not paid all Charges, the Interval is subject to this lien. As a part of any Transfer, any party may ask the Association for a certificate of unpaid Charges. Within ten (10) days after receiving the request, the Association must give the certificate. The certificate will limit the lien rights to those unpaid Charges disclosed, but only as against the person receiving the certificate.

Appears in 5 contracts

Samples: Owners Agreement, Owners Agreement, Owners Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!