Association Assessments Sample Clauses
The Association Assessments clause establishes the obligation of property owners within a community or association to pay regular fees or assessments levied by the homeowners' association (HOA) or similar governing body. These assessments typically cover shared expenses such as maintenance of common areas, amenities, security, and other community services. By clearly outlining the payment requirements and the scope of covered expenses, this clause ensures the financial stability of the association and equitable sharing of costs among members, thereby preventing disputes and funding shortfalls.
Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in 578 advance will be credited to Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred 579 maintenance by the Association will not be credited to Seller except as may be otherwise provided by the Governing Documents. 580 Buyer acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. 581 Any special assessment assessed prior to Closing Date (§ 3) by the Association will be the obligation of Buyer Seller. 582 Except however, any special assessment by the Association for improvements that have been installed as of the date of Buyer’s 583 signature hereon, whether assessed prior to or after Closing, will be the obligation of Seller. Seller represents that the Association 584 Assessments are currently payable at approximately $ per and that there are no unpaid regular 585 or special assessments against the Property except the current regular assessments and . Such 586 assessments are subject to change as provided in the Governing Documents. Seller agrees to promptly request the Association to 587 deliver to Buyer before Closing Date (§ 3) a current Status Letter.
Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in 629 advance will be credited to Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred maintenance 630 by the Association will not be credited to Seller except as may be otherwise provided by the Governing Documents. Buyer 631 acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special 632 assessment assessed prior to Closing Date by the Association will be the obligation of Buyer Seller. Except however, any 633 special assessment by the Association for improvements that have been installed as of the date of ▇▇▇▇▇’s signature hereon, whether 634 assessed prior to or after Closing, will be the obligation of Seller. Seller represents there are no unpaid regular or special assessments 635 636 637 638 against the Property except the current regular assessments and subject to change as provided in the Governing Documents.
Association Assessments. Seller represents that the amount of the regular owners’ association assessment is 266 currently payable at approximately $ per and that there are no unpaid regular or special assessments against 267 the Property except the current regular assessments and except . ▇▇▇▇▇▇ agrees to promptly 268 request the owners’ association to deliver to buyer before date of closing a current statement of assessments against the Property.
Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in advance will be credited to Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred maintenance by the Association will not be credited to Seller except as may be otherwise provided by the Governing Documents. ▇▇▇▇▇ acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special assessment assessed prior to Closing Date by the Association will be the obligation of Buyer Seller. Except however, any special assessment by the Association for improvements that have been installed as of the date of Buyer’s signature hereon, whether assessed prior to or after Closing, will be the obligation of Seller. Seller represents there are no unpaid regular or special assessments against the Property except the current regular assessments and n/a. Association Assessments are subject to change as provided in the Governing Documents.
Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in advance will be credited to Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred maintenance by the Association will not be credited to Seller except as may be otherwise provided by the Governing Documents. Buyer acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special assessment assessed prior to Closing Date (§ 3) by the Association will be the obligation of o Buyer o Seller. Except however, any special assessment by the Association for improvements that have been installed as of the date of Buyer’s signature hereon, whether assessed prior to or after Closing, will be the obligation of Seller. Seller represents that the Association Assessments are currently payable at approximately $ per and that there are no unpaid regular or special assessments against the Property except the current regular assessments and n/a. Such assessments are subject to change as provided in the Governing Documents. Seller agrees to promptly request the Association to deliver to Buyer before Closing Date (§ 3) a current Status Letter.
Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in 778 advance will be credited to Seller at Closing. All Association Assessments accrued before Closing must be paid by Seller and all 779 Association Assessments accrued after Closing must be paid by Buyer. Cash reserves held out of the regular Association Assessments 780 for deferred maintenance by the Association will not be credited to Seller except as may be otherwise provided by the Governing 781 Documents. ▇▇▇▇▇ acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working 782 capital. Any special assessment assessed prior to Closing Date by the Association will be the obligation of Buyer Seller. 783 Except however, any special assessment by the Association for improvements that have been installed as of the date of Buyer’s 784 signature hereon, whether assessed prior to or after Closing, will be the obligation of Seller unless otherwise specified in Additional 785 Provisions. Seller represents there are no unpaid regular or special assessments against the Property except the current regular 786 assessments and . Association Assessments are subject to change as provided in the Governing 787 Documents.
Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in 712 advance will be credited to Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred maintenance 713 by the Association will not be credited to Seller except as may be otherwise provided by the Governing Documents. Buyer 714 acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special 715 assessment assessed prior to Closing Date by the Association will be the obligation of Buyer Seller. Except however, any 716 special assessment by the Association for improvements that have been installed as of the date of ▇▇▇▇▇’s signature hereon, whether 717 assessed prior to or after Closing, will be the obligation of Seller unless otherwise specified in Additional Provisions. Seller represents 718 there are no unpaid regular or special assessments against the Property except the current regular assessments and 719 . Association Assessments are subject to change as provided in the Governing Documents.
Association Assessments. Current regular Association assessments and Association dues (Association 529 Assessments) paid in advance shall be credited to Seller at Closing. Cash reserves held out of the regular Association 530 Assessments for deferred maintenance by the Association shall not be credited to Seller except as may be otherwise 531 provided by the Governing Documents. Any special assessment by the Association for improvements that have been 532 installed as of the date of ▇▇▇▇▇’s signature hereon shall be the obligation of Seller. Any other special assessment assessed 533 prior to Closing Date (§ 2c.3) by the Association shall be the obligation of Buyer Seller. Seller represents that the 534 amount of theAssociation Assessmentsisare currently payable at $per and that there are no unpaid 535 regular or special assessments against the Property except the current regular assessments and except 536 . Such assessments are subject to change as provided in 537 the Governing Documents. Seller agrees to promptly request the Association to deliver to Buyer before Closing Date (§ 538 2c.3) a current Status Letter.
Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in 394 advance will be credited to ▇▇▇▇▇▇ at Closing. Cash reserves held out of the regular Association Assessments for deferred maintenance 395 by the Association will not be credited to ▇▇▇▇▇▇ except as may be otherwise provided by the Governing Documents. Buyer 396 acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special 397 assessment assessed prior to Closing Date by the Association will be the obligation of Buyer Seller. Except however, any 398 special assessment by the Association for improvements that have been installed as of the date of ▇▇▇▇▇’s signature hereon, whether 399 assessed prior to or after Closing, will be the obligation of Seller. Seller represents there are no unpaid regular or special assessments 400 against the Property except the current regular assessments and as set forth in the CIC Documents. Association Assessments are 401 subject to change as provided in the Governing Documents.
Association Assessments. Association Assessments for the fiscal year in which Closing occurs will be prorated to the Closing Date and Purchaser will pay such prorated amount to the Association. Furthermore, ▇▇▇▇▇▇▇▇▇ agrees to pay to the Association at Closing a working capital fee based on and equal to two months of the amount of the “Common Assessment” established by the Association pursuant to the Declaration as of Closing, together with a prepayment of Association Assessments equal to one month of the amount of “Common Assessment” established by the Association pursuant to the Declaration as of Closing. By execution of this Agreement, ▇▇▇▇▇▇▇▇▇ acknowledges and agrees that such working capital contribution is not a prepayment of Association Assessments and is not refundable to Purchaser upon the subsequent sale of the Property.