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Facts about buying a townhome at Canyon Village

You receive a Grant Deed convey- Your Canyon Village Homeowners manage the maintenance. This is
1 ing the title to your home, and an 5 Association takes care of all com- done via your small monthly mainte-
undivided interest in all of the com- mon exterior maintenance (lawns, nance fee on a nonprofit basis. Cov-
mon areas. It is your home to own or shrubs, recreational areas, walks, ered are:
sell-just the same as any other home exterior home surfaces and roofs). You • Gardening and landscaping services
you would ever own. are only responsible for the interior • Fire insurance on buildings
of your home. • Liability insurance on all
You are only responsible for your common areas
2 own-mortgage payments, taxes and Your Homeowners Association is • Painting and exterior maintenance
maintenance fee. 6 composed of all the homeowners on buildings and common areas
at Canyon Village who elect a Board • All water for household use
Your real estate taxes and mortgage of Directors whose function is to • All utilities charged to common areas
3 interest are deductible as an
expense in determining your income
tax. Thus you gain valuable tax
benefits through your condominium
purchase.

The title to your property is pro-
4 tected by complete title insurance GARAGE
through Title Insurance & Trust Co. D
D D

Garage Plan
GARAGE
D

C C

I
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