NoahA (Florida)
Posts: 212
Posts: 212
Posted:
I live in a area where there is a Volunteer HOA and the by-laws say toward the end.
"These covenants and restrictions are to run with the land and shall be binding upon the undersigned and upon all the parties and all persons claiming under them until December 31. 2003 unless modified in accordance with the above section 17.01 said covenants and restrictions shall automatically be extended for successive periods of ten (10( years, commencing with the year 2003.
Does that mean the rules expire if there not updated? or does that mean every 10 years if no changes they will automatically be reinstated for 10 more years?
"These covenants and restrictions are to run with the land and shall be binding upon the undersigned and upon all the parties and all persons claiming under them until December 31. 2003 unless modified in accordance with the above section 17.01 said covenants and restrictions shall automatically be extended for successive periods of ten (10( years, commencing with the year 2003.
Does that mean the rules expire if there not updated? or does that mean every 10 years if no changes they will automatically be reinstated for 10 more years?