Reciprocal Easements, Cost Sharing Agreements and CC&Rs;
Reciprocal Easements, Cost Sharing Agreements and CC&Rs;
Reciprocal Easements, Cost Sharing Agreements and CC&Rs;
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Nancy T. Scull of Luce, Forward, Hamilton & Scripps LLP Speaker 9: 14<br />
www.luce.com<br />
Owner/Operator REA:<br />
Protecting Other Ownership Interests<br />
• Designate a primary owner to maintain <strong>and</strong> operate<br />
• If you shift the balance of power to one owner, how<br />
do you protect the other owners?<br />
• Establish the rules of the game in the REA or<br />
CC&<strong>Rs</strong><br />
• Approval of other owners on certain issues<br />
• Covenant of good faith <strong>and</strong> fair dealing<br />
• Operational Disputes – establishing a process to<br />
resolve disputes<br />
101054839.1 27<br />
www.luce.com<br />
Maintaining the Easement Areas<br />
• Ensuring easement areas are properly<br />
maintained<br />
– St<strong>and</strong>ard of Maintenance<br />
General<br />
• Good condition of<br />
maintenance <strong>and</strong><br />
repair<br />
Specific<br />
• Repave shared<br />
parking lots every<br />
7 years<br />
• Clean, remove<br />
trash on a weekly<br />
basis<br />
101054839.1 28<br />
Law Seminars International | Development <strong>Agreements</strong>, <strong>Easements</strong> <strong>and</strong> CC<strong>Rs</strong> | 12/5/07 in Las Vegas, NV
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