Condominium Unit Sample Clauses
The "Condominium Unit" clause defines what constitutes a condominium unit within the context of the agreement. It typically specifies the physical boundaries of the unit, such as the interior space, walls, floors, and ceilings, and may clarify which areas are considered part of the unit versus common elements shared with other owners. For example, it might state that the unit includes everything within the unfinished surfaces of the walls, but excludes balconies or shared hallways. This clause ensures clarity regarding ownership rights and responsibilities, helping to prevent disputes over maintenance, repairs, and use of shared spaces.
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Condominium Unit. Unit , in Building , of , a condominium project, located at (address/zip code), City of ,County of
Condominium Unit. If the Lands or any part thereof are or become one or more Condominium Units, the following provisions apply:
(a) The Borrower shall at all times and from time to time observe and perform all duties and obligations imposed on the Borrower by the Condominium Act and any bylaws, rules and regulations, as amended from time to time, of the Condominium Corporation. Any breach of such duties and obligations shall constitute default under this Mortgage, entitling the Lender to demand repayment of all monies secured by this Mortgage with accrued interest thereon.
(b) Without limiting the generality of the foregoing, the Borrower shall pay when due all common area fees and assessments and any other amounts levied by the Condominium Corporation in respect of the Lands. In the event of the Borrower failing to do so, the Lender, at its option, may make any and all such payments on behalf of the Borrower, and any monies so paid shall be payable immediately, shall be added to the monies secured by this Mortgage, bear interest at the Interest Rate and form a charge on the Lands.
(c) Subject to the Condominium Act, the Borrower hereby irrevocably assigns to the Lender all of the Borrower’s rights under the Condominium Act and any bylaws, rules and regulations, as amended from time to time, of the Condominium Corporation.
(d) Subject to the Condominium Act, the Borrower hereby irrevocably assigns to the Lender the Borrower’s power to vote as the owner of any Condominium Unit charged hereby and as a member of the Condominium Corporation for the Borrower. The Borrower hereby acknowledges receipt of written notice that the Lender intends to exercise such power to vote. The Lender shall not by virtue of such assignment be under any obligation to vote or to protect the interests of the Borrower and shall not in any way be responsible for the result of any exercise of the power to vote or any failure to exercise the power to vote. Notwithstanding such assignment, the Borrower may, at any duly called meeting of the Condominium Corporation of which the Lender has received written notice, exercise its right to vote if the Lender is not, by its authorized representative, agent or proxy, present at such meeting, provided that the Borrower votes against any resolution of the members of the Condominium Corporation which could materially adversely affect the Lender’s security under this Mortgage.
(e) At the Lender’s request, the Borrower shall deliver to the Lender such proxies or other...
Condominium Unit. Contract of Sale
Condominium Unit. The Unit consists of the dwelling unit designated below and an undivided ownership interest in the Common Elements of the Project, as set forth in the Declaration and is described as follows: Condominium Unit W, One Snowmass, according to the Condominium Map of One Snowmass recorded October 25, 2019 in Plat Book 126 at Page 24 at Reception No. 659932, as supplemented by the Condominium Map of One Snowmass East recorded February 21, 2020 in Plat Book 127 at Page 79 at Reception No. 662908, and as defined and described in the Condominium Declaration for One Snowmass recorded October 25, 2019 under Reception No. 659934, as supplemented by the Supplement to Condominium Declaration for One Snowmass recorded February 21, 2020, at Reception No. 662909, each recorded in the Office of the Clerk and Recorder of Pitkin County, Colorado.
Condominium Unit. The Unit consists of the dwelling unit designated below and an undivided ownership interest in the Common Elements of the Project, as set forth in the Declaration and is described as follows: Condominium Unit , Stratos, according to the Condominium Map for Stratos and as defined and described in the Condominium Declaration for Stratos, each to be recorded in the Office of the Clerk and Recorder of Pitkin County, Colorado and as each may be amended and supplemented. The Unit is located within the Building. The general floor plan for the Unit is attached hereto as Exhibit C. Upon substantial completion of construction of the Unit, a recorded Condominium Map or Supplemental Condominium Map, as applicable, shall create the Unit and, following the recording of such Map in the Pitkin County Records, the Unit shall mean the Unit as mapped on the recorded Condominium Map or Supplemental Condominium Map without the need for further writing or agreement between Seller and Purchaser. The Unit may include optional enhancements selected by Purchaser pursuant to Section 4.d below and shall include the interior finish package identified in Section 6.f below. The complete Plans and Specifications for the Unit are discussed in Section 6.b below.
Condominium Unit. The Unit consists of the dwelling unit designated below and an undivided ownership interest in the Common Elements of the Project, as set forth in the Declaration and is described as follows: Condominium Unit , Electric Pass Lodge, according to the Condominium Map for Electric Pass Lodge and as defined and described in the Condominium Declaration for Electric Pass Lodge, each to be recorded in the Office of the Clerk and Recorder of Pitkin County, Colorado. The general floor plan for the Unit and other information is attached hereto as Exhibit B. The Unit shall include an interior finish package pursuant to Section 6.f below. The complete Plans and Specifications for the Unit are discussed in Section 6.b below.
Condominium Unit. The Unit consists of a residential dwelling Unit and an undivided ownership interest in the Common Elements of the Project, as set forth in the Declaration and the Map and shall be described as follows: Condominium Unit F305, Timber Ridge Village Condominiums, according to the Condominium Map for Timber Ridge Village and as defined and described in the Condominium Declaration for Timber Ridge Village, each to be recorded in the Office of the Clerk and Recorder of Eagle County, Colorado. General floor plans for the Unit are available by following Hyperlink 3 listed on Attachment 2 to this Agreement (or copying same and pasting into an internet browser), and Purchaser acknowledges delivery in this manner as being acceptable and accepted by Purchaser. The complete Plans and Specifications for the Unit are discussed in Section 5.b below.
Condominium Unit. Unit No. (the “Unit”) located in The Hillside, a condominium project in ▇▇▇▇▇▇ County, Texas (the “Condominium”) created pursuant to the Condominium Declaration dated recorded under Document No. 2006207830 of the Official Public Records of ▇▇▇▇▇▇ County, Texas as amended by that certain First Amendment to the Condominium Declaration for The Hillside, a Condominium Project in ▇▇▇▇▇▇ County, Texas, recorded under Document No. 2007022978 of the Official Public Records of ▇▇▇▇▇▇ County, Texas (the “Declaration”).
Condominium Unit. This is a document that explains how the condo project works. The seller has to give this to the buyer. Lead-Based Paint Disclosure. This is a document that warns about lead paint in older homes. The seller has to give this to the buyer if the home was built before 1978. Sanitary and Improvement District. This is a document that shows who runs the SID if the home is in one. The seller has to give this to the buyer. How Do Buyers Use a Nebraska Residential Purchase and Sale Agreement? A Nebraska residential purchase and sale agreement is a tool for buyers to make an offer on a home and start negotiating. The agreement tells the seller the buyer's price, the property details, and any conditions for the sale (e.g., getting a loan or selling another home). The buyer can make more than one offer. A Nebraska purchase agreement is a contract that finalizes the sale of a property once both parties sign it. The agreement may go through several revisions as the buyer and seller negotiate the terms and conditions. The title of the property is transferred to the new owner after the agreement is signed. Nebraska Realtors Residential Purchase Agreement – This form, created by the Nebraska Realtors Association®, allows its licensed members to sell homes in Nebraska. Download: PDF Lead-Based Paint (§ 76 2,120(2)) – This disclosure applies to homes built before 1979 and informs buyers of the risks of living in a home with lead-based paint. The seller must also give the buyer an EPA brochure about lead-based paint and how to reduce its dangers.
Condominium Unit. The Unit consists of the dwelling unit designated below and an undivided ownership interest in the Common Elements of the Project, as set forth in the Declaration and is described as follows: Condominium Unit , Base Village Hotel & Residences, according to the Condominium Map of Base Village Hotel & Residences and as defined and described in the Condominium Declaration for Base Village Hotel & Residences, each as recorded in the Office of the Clerk and Recorder of Pitkin County, Colorado.