exhibit b providence master homeowners association design review ...
exhibit b providence master homeowners association design review ...
exhibit b providence master homeowners association design review ...
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Glossary (continued)<br />
Master Plan - The <strong>master</strong> land use plan for the Community as approved by Clark County,<br />
Nevada, and as may be amended from time to time.<br />
Member - Every Owner is a Member of the Association, with all the benefits, privileges, and<br />
responsibilities defined in the Governing Documents.<br />
Neiqhborhood - Any residential area within the Association, <strong>design</strong>ated by the Declarant, which<br />
may share benefit from Common Elements specific only to that Neighborhood and may also<br />
share expenses through assessments for the cost of maintenance of such primary or exclusive<br />
use areas.<br />
Owners - One or more persons, which may include the Declarant or a Participating Builder, who<br />
hold the record title to any Lot, but excluding in all cases any party holding an interest merely as<br />
security for the performance of an obligation (such as a bank holding a security interest in a Lot<br />
related to a mortgage on the Lot).<br />
Participating Builder (or Builder) - Any entity who purchases one or more parcels of land within<br />
the Community for further subdivision into Lots, development, and/or resale in the ordinary<br />
course of business.<br />
Residents - Any person who is physically residing in a Dwelling within the Community.<br />
Resolution — Written and adopted decision of the Board of Directors regarding the business<br />
operations or governance of the Association. The Board adopts the Resolution at a duly noticed<br />
meeting and copies of the adopted Resolution are then mailed to all Owners.<br />
Rules and Regulations — See "Community Standards".<br />
Sub-Association - A Neighborhood within the Community subject to secondary governing<br />
documents which control governance of private streets and Common Elements and is also<br />
subject to the Association and it's Governing Documents. Owners in Sub-Associations are<br />
subject to two sets of legal documents and pay two assessments.<br />
Tenants - One or more persons residing in a Dwelling within the Community by means of a<br />
lease between an Owner and the Tenant.<br />
Unit — See "Lot".<br />
Community Standards 10<br />
Providence Master Homeowners Association<br />
May 2006