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HomeMy WebLinkAbout0465 -21- J~. Devise or inheritance. If any dwelling unit owner s acquire is title by devise or inheritance, the continuance of his ownership of his dwelling_unit shall be sub~ect to the approval of the Association. r 5. Other transfers. If any dwelling unit owner s acquire s title by arYymanner not con- sidered in the foregoing subsections, the con- tinuance of his ownership of his dwelling unit sha~11 be sub~ect to the approval of the Association. B. Approval b,y the Association. The approval of the Association that is required for the transfer of ownership of dwelli.ng uni~s shall be obtained in the following manner: 1. Notice to Association. a. Sale. A dwelling unit owner intending to ma~ce a bona fide sale of his dwelling unit or any interest in it shall give to the Association notice of such intention, toge~- • her with the name and address of the intended purchaser and such other information con-- cerning the intended purcha.ser as the Association may reasonably require. Such notice at the dwelling unit owner's option may include a demand by the dwelling unit owner that the Association furnish a - purchaser of the d~relling unit if the proposed purchaser is not approved; and if such demand is made, the notice shall be accompanied by an executed copy of the proposed contract to sell. b. Lease. A dwelling uriit owner intending to ma~e a bona fide leasa oi nis dweiiiiig unit or any interest therein shall give to the Association notice of such intention, together with the name and address of the ' intended le ssee , such other inforzcation ~ concerning the intended lessee as the i Association may reasonably require, and an E executed copp of the proposed lease. i ~ c. Gift• devise or inheritance• other transfers. ~ - 3 ~ title by gift, devise or inheritance, or ~ by any other manner not previouslq con- ~ sidered, shall give to the Association notice F of the acquiring of his title, together with ~ such information concerning the dwelling unit owner as the Association may reasonably ~ require , and a certified copq of the ; instrument evidencing the owner's title. f ~ d. Failure to ive notice. If the above required ~ notice to t e Association is not given, ; then at a.ny time after receiving knowledge ; of a transaction or event transferring ownership or possession of a dwelling unit, the Assacia~tion at its election and ~rithout notice may approve or disapprove the trans- ~ action or o~rnership. If the association ` disapproves the transaction or ot~tnership , = the Association shall proceed as if it had i received the required notice on the date of ~ f such disapproval. s ~ t ~ , E ~ ~ ~ - ~ ~ - • = ~ _ ~ _ - . : " = "