Community Declaration definition
Examples of Community Declaration in a sentence
If this is not possible, the Purchaser personally and on behalf of its successors-in-title, permitted successors and assigns acknowledges, agrees and undertakes for the benefit of the Master Developer and the other owners from time to time of any property in the Master Community that the Master Community Declaration is a restriction in perpetuity on the title to the Unit and is equally binding on all owners in the Master Community.
However, at the date of termination of employment by reason of Retirement, any vested Options shall remain exercisable for a period ending on the earlier of (i) the Date of Expiration identified above, or (ii) the end of the third (3rd) year following the date of termination of the Participant's employment by reason of Retirement.
The Master Developer is responsible for managing the Master Community in accordance with the Master Community Declaration.
A copy of the Master Community Declaration is attached to this Statement at Appendix B with the JOPD available at URL Link.
The Master Developer will levy the Master Community Service Charges on owners and occupiers within the Master Community to cover the costs of Operating the Master Community Facilities and the Purchaser has a continuing obligation (together with all other owners in the Master Community) to contribute towards the Master Community Facilities expenses calculated and payable in accordance with the Master Community Declaration.
Any notice or communication directed to a person at an address, in both cases reflected by the records of the Association as being the Owner and address for a given property, will be valid and effective for all purposes pursuant to the Community Declaration and this Assessment Collection and Enforcement Policy until such time as there is actual receipt by the Association of written notification of any change in the identity or status of such Owner or its address or both.
Play structures, skateboard ramps, sports equipment, and trampolines are subject to the restrictions in the Community Declaration.
An Appendix is included which contains the forms necessary to comply with the Rules and Regulations, various specifications, and other information that may be needed.Pertinent sections of the Community Declaration are also included.
The provisions of this Policy shall be in addition to and shall supplement the terms and provisions of the Community Declaration, the Bylaws, and the laws of the State of Colorado governing the Association.
This Reserve Study Policy, together with the terms of the Community Declaration and the Bylaws of the Association, is intended to comply with such requirement.