The Buyer acknowledges that there are agreements, restrictions and covenants registered on the title pertaining to an association and that there is an association fee payable in respect thereof. The Seller warrants that the said fee payable to the association in respect of the property is approximately $ __________________________________________________________________ per ______________________ (year/month) and includes, but is not limited to, __________________________________ _____________________________________________________________________________________________. The Buyer agrees to accept the title subject to the said agreements, restrictions and covenants and assume payment of the association fee, to be adjusted as of completion.
Acknowledgement · Source: OREA Clause Booklet 2026, ASSOC-1, page 23