- 5 - Cluster Homes Cluster homes featured individually owned units grouped in clusters of four to six units with attached carports. The cluster homes were available with one, two, or three bedrooms. Cluster homes were available for purchase only and required payment of a monthly maintenance fee. In addition, condominium units were available for purchase only and required payment of a monthly maintenance fee. Petitioner reserved the right to increase the maintenance fee effective the first of each calendar year with 30 days' notice to the owners. Three legal documents were executed in connection with the purchase of a cluster home: a deed, a purchase agreement, and a lease agreement. Petitioner's attorney, Charles Worley, drafted these documents for petitioner's use. All three documents made reference to the other two documents. A copy of the purchase agreement was attached to the recorded deed, and the terms of the purchase agreement were also incorporated into the deed by reference. Pursuant to the deed, petitioner "bargained and sold" and conveyed the cluster home unit in fee simple to the purchaser. The lease agreement was for the surrounding yard; the lease payment was $1 per month. The term of the lease ran "for a term coinciding with [purchaser's] ownership" of the cluster home, terminating upon the "sale or other disposition" by the purchaser of the cluster home. The purchase agreement remained in effect as long as the owner occupied the cluster home. In the purchase agreement, petitioner agreed to convey and the purchaser agreed to purchase the identified unit. In thePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011