IX. ADMINISTRATIVE and CONSTRUCTION GUIDELINES (Part 3)
b. Membership
Penalty for non-payment of monthly dues:
The Board of Directors in case of any delinquency or default of Association dues may take
measures such as, but not limited to the following:
1) Putting in conspicuous place/s the names of delinquent members.
2) No services by maintenance men and security guards.
3) Annotation of land title.
7. Period of Restriction
All the restrictions, easement, reservations and conditions enumerated herein shall be valid
and binding. Such restrictions may be added to but not diminished, amended or changed
by the INCUMBENT BOARD OF DIRECTORS and other governing body of the village,
provided that the use and occupancy of lots for residential purposes by a single family
only shall not be changed.
8. Enforcement of Restrictions
THAI and its duly authorized representatives shall have the right during reasonable hours
of the day to enter and inspect any building under construction to ascertain compliance
with all the regulations and restrictions on construction.
9. Interpretation of Restrictions
When there appears to be a conflict in the interpretation of these restrictions and/or
guidelines, the most equitable interpretation shall be adopted.
10. Refund of Construction Bond
THAI will not issue its final certification of clearance nor release the construction
bond until all requirements have been satisfactorily met.
THAI will refund seventy percent (70%) of the construction bond without interest after
100% completion of the project. The term 100% shall mean completion of the house
in accordance with approved plans and specifications, completely painted, its services,
utilities and permanent fixtures installed and ready for immediate use and occupancy
and a Certificate of Occupancy has been secured from the proper government agency.
b. Membership
Penalty for non-payment of monthly dues:
The Board of Directors in case of any delinquency or default of Association dues may take
measures such as, but not limited to the following:
1) Putting in conspicuous place/s the names of delinquent members.
2) No services by maintenance men and security guards.
3) Annotation of land title.
7. Period of Restriction
All the restrictions, easement, reservations and conditions enumerated herein shall be valid
and binding. Such restrictions may be added to but not diminished, amended or changed
by the INCUMBENT BOARD OF DIRECTORS and other governing body of the village,
provided that the use and occupancy of lots for residential purposes by a single family
only shall not be changed.
8. Enforcement of Restrictions
THAI and its duly authorized representatives shall have the right during reasonable hours
of the day to enter and inspect any building under construction to ascertain compliance
with all the regulations and restrictions on construction.
9. Interpretation of Restrictions
When there appears to be a conflict in the interpretation of these restrictions and/or
guidelines, the most equitable interpretation shall be adopted.
10. Refund of Construction Bond
THAI will not issue its final certification of clearance nor release the construction
bond until all requirements have been satisfactorily met.
THAI will refund seventy percent (70%) of the construction bond without interest after
100% completion of the project. The term 100% shall mean completion of the house
in accordance with approved plans and specifications, completely painted, its services,
utilities and permanent fixtures installed and ready for immediate use and occupancy
and a Certificate of Occupancy has been secured from the proper government agency.
Source: Teoville Homeowners Code of Discipline
Deed of Restrictions Rules and Regulations