Association of Owners Clause Samples

Association of Owners. The Vendee agrees and undertakes that the Vendee shall become a member of any Association/ society of Vendee as may be formed by the Vendor/Developer on behalf of Vendee and to pay any fees, subscription charges thereof and to complete such documentation and formalities as may be deemed necessary by the Vendor/ Developer for this purpose as and when such association is formed. The Vendee hereby submits the relevant Application forms and other details annexed hereto as Annexure V, VI, VII and VIII.
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Association of Owners. THAT the PURCHASER undertakes to join the Association of Flat Owners as may be formed by SIMOCO SYSTEMS on behalf of the Flat Owners and to pay any fee, subscription charges, thereof and to complete such documentation and formalities as may be required and / or deemed necessary by SIMOCO SYSTEMS for this purpose, failing which the same shall be treated as unpaid portion of the consideration payable by the PURCHASER herein for the said Flat / Unit and the Deed(s) of Conveyance / Transfer of the said Flat / Unit may be withheld by the Company till full payment thereof is received by SIMOCO SYSTEMS /Maintenance Agency. Application Form, Form for formation of the Association, Declaration and Membership form to be executed by the PURCHASER at the appropriate time, for the purpose of allotment as a member of the Association, are attached hereto as Annexure ‘C to F’.
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Association of Owners. That the purchaser undertake to join the Association of Flat Owners as may be formed by the Owner/Developer on behalf of the flat owners and to pay any fee, subscription charges thereof and to complete such documentation and formalities as may be required and/or deemed necessary by the Owner/Developer for this purpose.
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Association of Owners. That the Purchaser(s) undertakes to join the association of owners as may be formed by all the owners and further agrees to pay any fee, subscription charges etc. for membership of association and to complete such documentation and formalities as may be required and or deemed necessary by the association for this purpose.
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Association of Owners. The Allottee(s) undertakes to join the Association of the Owners as may be formed by the Company on behalf of the Apartment Owners and to pay any fee, subscription, membership charges thereof and to complete all such documentation/formalities as may be required as and when deemed necessary by the Company for this purpose, failing which the same shall be treated unpaid proportion of the Total Consideration payable by the Allottee(s) herein for the said Apartment and execution of the Sale Deed/ Conveyance Deed may be withheld by the Company till full payment thereof is received by the Company/Maintenance Agency. The Allottee(s) shall from time to time sign all applications, papers, documents, Maintenance Agreement and all other relevant papers, as required in pursuance to this transaction and to do all the Acts, Deeds and things as the Company may require for safeguarding the interest of the Company and other Allottee(s)/Occupants in the Said Complex.
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Association of Owners. The Allottee undertakes to join the association of the allottees as may be formed by the Company on behalf of the unit owners and to pay any fee, subscription, membership charges thereof and to complete all such documentation/ formalities as may be required as and when deemed necessary by the Company for this purpose, failing which the same shall be treated unpaid portion of the Total Consideration payable by the Allottee herein for the said Unit and execution of the Conveyance Deed may be withheld by the Company till full payment thereof is received by the Company /Maintenance Agency. An application form, the form for formation of association, declaration and membership form duly executed by the purchaser, for the purpose of enrollment as a member of such association is attached hereto as Annexure - VI. The Allottee shall from time to time sign all applications, papers, documents, Maintenance Agreement and all other relevant papers, as required in pursuance to this transaction and to do all the acts, deeds and things as the Company may require for safeguarding the interests of the Company and other allottee(s)/occupants in the Group Housing Colony/Project.
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Related to Association of Owners

  • OWNERS’ ASSOCIATION 13.1 That the Purchaser shall become a member of the association / society that has been formed (details of association are given in annexure – A) to look after the maintenance of the Housing Project and shall abide by its rules. 13.2 In case the society / association has yet to be formed, the Purchaser shall pay to the Vendor such proportionate cost of outgoings such as common water charges, common lights, repairs, salaries of clerk, watchman, sweepers, etc., as may be determined by the Vendor. It is proposed that the monthly maintenance charges payable by the Purchaser to the Association/Vendor shall be Rs. 2/- per sft from the deemed date of completion of the Scheduled Flat. The rate shall be subject to change and periodic upward revision. 13.3 If the Purchaser ever fails to pay maintenance charges, corpus fund or other charges related to the Scheduled Flat, the Association shall be entitled to disconnect and stop providing all or any services to the Scheduled Flat including water, electricity, etc. Further, the Purchaser may be barred from using common amenities like clubhouse, swimming pool, parks, open areas, generator backup, etc., till such time all arrears are cleared. 13.4 The Purchaser shall pay corpus fund to the Association at the time of taking possession of the completed flat. The details of corpus fund payable are given in Annexure – A. The details of the initial monthly maintenance charges payable by the Purchaser to the Association/Vendor, from the deemed date of completion of the Scheduled Flat is given in Annexure -A. 13.5 The Vendor has proposed to deliver the common amenities in phases on or before completion of the last block of flats. The monthly maintenance charges payable by the Purchaser to the Association shall not be linked to provision/completion of common amenities. The Purchaser shall not raise any objection on this count. 13.6 The monthly maintenance charges payable to the Association are proposed to be increased from time to time and the Purchaser shall be liable to pay such increased charges. 13.7 The Purchaser agrees not to withhold or delay payment of monthly maintenance charges to the Association for any defects in construction. Repairs/correction of defects in construction, if any, is the responsibility of the Vendor and the Purchaser agrees to not withhold payment of monthly maintenance charges. 13.8 The Vendor shall be entitled to form the Owners Association and draft its bye-laws as he deems fit and proper. The Vendor and its nominees shall be the founding members of the Association. The Association shall be handed over to the members of the Association (i.e., prospective purchasers) at the time of completion of the entire Housing Project, by calling for elections for its executive committee members. Till such time the Vendor and its nominees shall run the day today affairs of the Association. The Purchaser shall not raise any objection on this count.

  • HOMEOWNERS ASSOCIATION As a purchaser of property in the residential community in or where the property is located, you (circle one): ARE, ARE NOT obligated to be a member of the property owner’s association. Restrictive covenants governing the use and occupancy of the property and a dedicatory instrument governing the establishment, maintenance, and operation of this residential community have been or will be recorded in the Real Property Records of the county in which the community property is located. If required by the Association, you will be obligated to pay assessments to the property owner’s association. The amounts of the assessments are subject to change. Your failure to pay the assessments could result in a lien on the property and foreclosure. Copies of the dedicatory instrument may be obtained from the county clerk. Buyer has received the restrictive covenants: initials

  • Association Grievance A grievance, as defined in Section 7.1, relating to occurrences actually involving at least three (3) nurses or arising under the Association Business article, may be initiated by the Association at Step 2 of the above-mentioned procedure by the filing of a written grievance, signed by a representative of the Association, within thirty (30) calendar days from the date of occurrence. Such grievance shall describe the problem and the contract provisions alleged to have been violated.

  • Associations Where Associations are shown as Special Terms in the Rights Table relating to Firm Rights, Network Rail’s Flexing Rights shall not be used to break such Associations.

  • Association Representatives Authorized representatives of the Association shall be permitted to transact Association business on and with school property at all reasonable times provided that such activities shall not interfere with normal school operations.