Unit Deed Clause Samples

A Unit Deed is a legal document that establishes the rules, rights, and obligations for the owners of units within a strata or condominium development. It typically outlines the boundaries of each unit, the common property areas, and the responsibilities of both the unit owners and the owners' corporation, such as maintenance duties and payment of levies. By clearly defining these aspects, the Unit Deed ensures orderly management of the property and helps prevent disputes among owners by providing a clear framework for governance and shared responsibilities.
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Unit Deed. At Closing, after payment by Purchaser of the Total Purchase Price and performance by Purchaser of all of Purchaser’s other obligations under this Purchase Agreement, Seller agrees to provide Purchaser a duly executed Unit Deed for the Unit and Purchaser agrees to execute and accept such Unit Deed and thereby acquire fee simple title to the Unit.
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Unit Deed. Upon full payment of the total purchase price and all other payments required hereunder, Seller shall convey the unit by Warranty Deed to Buyer, as joint tenants, unless otherwise designated. The Deed shall convey insurable title to the Unit, free from all liens and Dunstan Condo Buyer’s Initials 1 of 9 encumbrances, except easements or restrictions of record, the Condominium Documents, the Master Association Declaration of Covenants, those matters set forth or referred to in the Public Offering Statement, and the terms and restrictions of Government approvals.
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Unit Deed. Upon full payment of the Total Purchase Price and all other payments required hereunder, Seller shall convey the Unit by Warranty Deed (the "Deed") running to Buyer, as joint tenants unless otherwise designated. The Deed shall convey a good and clear record and insurable title to the Unit, free of all liens and encumbrances, and insurable as such, except and subject to: (a) Provisions of (i) the Act, as the same may be amended from time to time and (ii) the Declaration as the same may be amended from time to time by instrument recorded in the Registry of Deeds; (b) Existing rights, obligations, approvals, easements, restrictions, licenses, covenants and conditions reserved or contained or referenced in the Declaration; (c) Such taxes and assessments allocable to the Unit for the then current fiscal year as are not due and payable on the date of delivery of the deed; (d) The laws and regulations of the State of Maine and municipal ordinances, including zoning restrictions, and the terms of land use approvals; (e) All utility easements of record and rights, restrictions, reservations and obligations as noted on any recorded plans and survey or in the Declaration; (f) All bylaws, rules and regulations established by the Condominium Association; and (g) Other matters, easements and encumbrances of record not adversely affecting the beneficial use and enjoyment of the Unit by Buyer or which may be affirmatively insured against forced removal, loss or damage by a national title insurance company without payment of an additional premium. Seller may use the purchase money or any portion thereof to clear the title of any or all encumbrances or interests. ▇▇▇▇▇ acknowledges and agrees that ▇▇▇▇▇▇ EDGE FARM CONDOMINIUMS is a phased condominium development. Buyer consents to such future phased development by Seller and its affiliated entities, and agrees not to oppose such future phased development, provided that Seller, and/or its affiliates, complies with its obligations to Buyer as set forth herein. In the event Buyer opposes such future phased development in violation of the terms of this Agreement, damages may not be an adequate remedy for the Seller, its successors and/or assigns, and its affiliates (the “Damaged Parties”), and therefore the Damaged Parties shall be entitled to an injunction prohibiting such persons from opposing such development.
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Unit Deed. Upon full payment of the total purchase price and all other payments required hereunder, Seller shall convey the unit by Warranty Deed to Buyer, as joint tenants, unless otherwise designated. The Seller shall convey insurable title to the unit, free from all liens and encumbrances except easements and restrictions of record as noted in the Public Offering Statement, the Master and Condominium Declaration of Covenants, the Condominium Bylaws and the terms and restrictions of Government Approval.
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Unit Deed. Seller agrees that on the Closing Date and upon payment by Purchaser to Escrow of the Purchase Price and Estimate of Additional Sums Payable, as set forth in Sections 3.1 and 3.3 hereof, respectively, and upon payment of all other sums agreed to be paid by Purchaser as set forth herein (all of which sums shall collectively be deposited into Escrow in the form of cash, cashier’s check, or wire transfers at least two (2) business days before the Scheduled Closing Date or such earlier date as required by ▇▇▇▇▇▇), Seller agrees to provide to Purchaser a Unit Deed conveying the Property to Purchaser.
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Unit Deed. Two (2) originals of the Unit Deed, duly executed by Buyer, and
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Unit Deed. Two (2) original Unit Deeds in the form attached hereto as Exhibit B-2 (the “Unit Deed”), duly executed and acknowledged by Seller and in proper form for recording, conveying the Condominium interest of Seller to the Buyer;
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Related to Unit Deed

  • Unit Description Pursuant to and in accordance with all applicable provisions of Act 379 of the Public Acts of 1965, as amended, the Employer does hereby recognize the Union as the exclusive representative for the purpose of collective bargaining in respect to rates of pay, wages, hours of employment, and other conditions of employment for the term of this Agreement of the employees of the Employer included in the bargaining unit described below:

  • Operating Agreement You have received and read a copy of the Company’s Operating Agreement (the “Operating Agreement”) and agree that your execution of this Subscription Agreement constitutes your consent to the Operating Agreement, and that upon acceptance of this Subscription Agreement by the Company, you will become a member of the Company as a holder of Class A Units. When this Subscription Agreement is countersigned by the Company, the Operating Agreement shall be binding upon acceptance of your subscription.

  • LLC Agreement This Agreement shall be treated as part of the LLC Agreement as described in Section 761(c) of the Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations.

  • Partnership Agreement Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

  • Condominium Documents (a) Borrower shall observe and perform each and every material term to be observed or performed by Borrower as the owner of Condominium Property under the Condominium Documents. (b) Subject to Borrower’s right to contest the same in accordance with the express terms and conditions hereof and of the other Loan Documents and of the Condominium Documents, if any, Borrower shall promptly pay all Assessments imposed pursuant to the Condominium Documents when the same become due and payable with respect to the Condominium Property. Borrower shall deliver to Lender, promptly upon request, evidence satisfactory to Lender that the Assessments have been so paid and are not delinquent with respect to the Condominium Property. (c) Lender shall have the rights and privileges which Borrower has as though Lender were in fact the owner of the Condominium Property, which rights and privileges shall include, without limitation, all voting rights accruing to Borrower under the terms of the Condominium Documents. Upon the occurrence and during the continuance of an Event of Default, Lender may vote in place of Borrower and may exercise any and all of said rights. Borrower hereby irrevocably appoints Lender as its attorney-in-fact, coupled with an interest to vote as Borrower’s proxy and to act with respect to all of said rights so long as such Event of Default continues hereunder. Notwithstanding anything contained herein to the contrary, nothing contained herein or otherwise shall render Lender liable for any Assessments. (d) The Trustee shall at all times be a financial institution or trust company having a long-term credit rating of not less than “A” or its equivalent by S&P and ▇▇▇▇▇’▇. (e) Borrower shall promptly deliver to Lender a true, complete and correct copy of all notices of default received by Borrower with respect to any obligation or duty of Borrower under the Condominium Documents.