Common use of REPRESENTATIONS OF THE OWNER Clause in Contracts

REPRESENTATIONS OF THE OWNER. (1) The Owner acknowledges receipt of a complete copy of the New HOME Agreement and agrees to comply with its terms and conditions. (2) The Property is a free-standing, single-family residence owned by the Owner, with the ownership period commencing after February 1, 2012. The Owner occupies the Property as a single-family residence. The Property is not occupied by or rented to a third-party unrelated to the Owner, nor is it used for business or commercial purposes. (3) The Owner is not delinquent in any tax payment and/or special assessment for real property located within the City. (4) The Owner agrees to comply with all codes, rules and regulations in effect in the City with respect to the Property throughout the Agreement Period. (5) If the Property is sold or ceases to be occupied by the Owner within the Agreement Period, the Owner recognizes that the Agreement is non-transferable and will terminate immediately when ownership or occupancy by the Owner ends. (6) The Owner covenants, represents and warrants that the person(s) identified above and signing this Agreement as Owner constitute(s) all of the owners of record of the Property. (7) The Owner covenants, represents and warrants that all ad valorem property taxes assessed on the Property during the Agreement Period will be timely paid when due. (8) The Owner agrees to refrain from filing any valuation appeals or requests for refund of any payments or portions of payments of ad valorem taxes for which rebate payments have been made by the City pursuant to the Program.