How is Property Owners Association defined in a legal contract?

• Property Owners Association means a group formed by property owners within a residential project like a subdivision, condominium, cooperative, town home project, or any other project with residential units. Seen in 5 SEC filings.
• Property Owners Association means a group, whether incorporated or not, which operates under recorded contractual agreements and deed restrictions. Every owner of a portion of a subdivision automatically becomes a member of this association and is therefore subject to charges and assessments for a proportionally divided share of the association's expenses. These charges can become a lien against the member's property. Seen in 4 SEC filings.
• Property Owners Association means an association composed of the owners of licensed Destination Club Units or Licensed Residential Units. Seen in 4 SEC filings.
• Property Owners Association means an association composed of the owners of Licensed Vacation Ownership Units or Licensed Unbranded Vacation Ownership Units or a Licensed Club. Seen in 3 SEC filings.
• Property Owners Association means a representative agency designated for property owners in a residential subdivision and consists primarily of these owners. This association manages or regulates the residential subdivision for the benefit of the property owners. Seen in 2 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of property owners association' yourself to verify these results. We are always keen to point people to source documents.

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Genie Definition 2

• Property Owners Association means a membership body of owners having interests in titled vacation ownership units or clubs.

Relevant Contract Types

• Vacation Property Agreement
• Timeshare Agreement
• Club Membership Agreement

Relevant Circumstances

• Forming a new vacation property ownership association
• Transferring ownership of vacation properties
• Creating or modifying existing rules and guidelines within a vacation property association

Relevant Sectors

• Hospitality and Tourism
• Travel and Leisure

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