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Form #652Annual Assessments for Improvements
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Annual Assessments for Improvements - Free Legal Form
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Annual assessments for
improvements.
Each and every lot in the area shall be subject to an
annual maintenance charge or assessment to be levied by grantor, its successors
or assigns in each and every year, which assessment or charge as to lots
retained by grantee or later conveyed by grantee, or his [her] successors in
interest and title, to others shall not exceed, on any lot, _________ percent
of the pro rata acreage cost paid by grantee for all land conveyed to grantee
or his [her] successors in interest and title.
Grantee, his [her] successors in interest and title,
and each lot owner shall pay charges or assessments annually to grantor, its
successors or assigns, in advance, on the _________ day of _________[month],
_________[year], and in each and every later year. The charges or
assessments shall, without notice to the owner, be due and become a lien (and
shall continue until paid) upon each respective lot, and in default of payment
of the charges or assessments at the time specified, grantor, its successors or
assigns, may institute suits or prosecute proceedings in law or in equity as
may be necessary to enforce the lien and payment, with interest at _________
percent per annum, from the due date. Furthermore, in default of payment, the
owner of the lot shall pay the additional sum of _________ dollars as
liquidated damages. All charges or assessments, after becoming due, shall,
until paid, remain a lien upon the land in any event, no matter by whom the
land is owned.
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regading how we deal with your email. We pledge that we will:
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not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
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or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
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form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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