Sentences with phrase «elected by the property owners»

Six members are appointed by the Santa Monica City Council, six are directly elected by property owners within the district, and one is the Santa Monica City Manager or his / her designee.

Not exact matches

The first board elected by the unit owners after turnover by the developer should be carefully reviewing the corporation's declaration and any cost sharing agreements with other condominiums or property owners (or instructing the corporation's legal counsel to carry out the review) in order to determine the corporation's rights and responsibilities.

I also faithfully explained in as great detail as I could, that if they didn't elect to stay in that property for some time or at least until would - be market value caught up to them, were they to ask me to resell it for them, a would be buyer might not find the same dollar value as most recently paid by my buyer, and as the new owners, might find themselves selling for less than they paid, and not to forget the resale costs involved adding to their opportunity of loss differential.

A homeowners association is a group of property owners within a complex or community who are typically elected by all of the owners.