Common use of Responsibility of Owners Clause in Contracts

Responsibility of Owners. The owners of all lots or plat thereof shall designate a “responsible Owner” and an assistant for purposes of administering this Covenant. Initially the responsible person will be ▇▇▇▇ ▇▇▇▇▇▇▇ of ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇. At such future time as the “responsible owner” needs to change, an affirmative vote of a majority of the owners of the lots described herein, or any plat thereof shall be sufficient to designate the responsible owner and assistant. At such time the original responsible owner shall call a meeting of the lot owners for the purpose of explaining the duties of the “responsible owners” and “assistant,” choosing a new “responsible owner” and “assistant” and giving to them should it exist any monies collected to date together with any bank accounts and bank statements related to this matter. The “responsible own” and “assistant” shall serve for a minimum of one year after which they may call all lot owners together and designate a new “responsible owner” and/or “assistant” and assign maintenance duties, monies and statements over to them at that time.

Responsibility of Owners. The owners of all lots or plat thereof shall designate a “responsible Owner” and an assistant for purposes of administering this Covenant. Initially the responsible person will be ▇▇▇▇ ▇▇▇▇▇▇▇ of ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇. At such future time as the “responsible owner” needs to change, an An affirmative vote of a majority of the owners of the lots described herein, or any plat thereof shall be sufficient to designate the responsible owner and assistant. At Until such time as 50% of the lots in the plat are sold the original plat owner(s) shall be the responsible owner, after which time the original responsible owner shall call a meeting of the lot owners for the purpose of explaining the duties of the “responsible owners” and “assistant,” choosing a new “responsible owner” and “assistant” and giving to them should it exist any monies collected to date together with any bank accounts and bank statements related to this matter. The “responsible own” and “assistant” shall serve for a minimum of one year after which they may call all lot owners together and designate a new “responsible owner” and/or “assistant” and assign maintenance duties, monies and statements over to them at that time.