HomeMy WebLinkAbout1866 If the ssociation disapproves the transactions or own-
ership, the Association ahall proceed as if it had re-
ceived the required notice on the date of such disap-
proval.
(b) Certificate of approval.
(1) Sale. If the proposed transaction is a sale
then withi~Tirty (30) days after receipt of such no-
tice and information the Association muat either ap-
prove or disapprove the proposed transaction. If ap-
proved, the approval shall be stated in a certificate
executed by any officer of the Association, in record-
able form.
(2) Lease. If the proposed transaction is a-
lease, then- w~'~hin thirty (30) days aPter receipt of
such notice and inform~ation the Association nust eith-
er approve or disapprove the proposed transaction. If
approved, the approval ahall be stated in a certificate '
executed by ar~y officer of the Asaociation, in non-re-
cordable Porm.
(3) GiPt, devise or inheritance; other transfers. ~
~ If the apar men oxner g v t~g no ce s acqu r s
title by gift, devise or inheritance o~ in ar~y other
manner, then within thirty (30) days af'ter receipt of
such notice and inforroation the Association must either
approve.or disapprove the contiriuance of the apartment
owner~s ownership of his apartment. If approved, .the
approval shall be stated in a certificate executed by
any officer of the Asaociation in reoordable form.
(c) A~oval oP corporate oKner or urchaser. Inasmuch
as the Co o um may e use on or rea en al purposes
and a corpo~rat3on cannot occupy an apartment for auch use, iP.
the apartment owner, purchaser or lessee o~ an apartment is a
corporation, the approval of ownership or lease by the corpo-
ration may be corxlitioryed by requiring that all persons occu-
pying the apartment be approved by the Association.
(d) Screening Fees. The Association shall require the ~
deposit o a reasona e screening fee simultaneously with the
; giving of notice of intention to sell or lease, or of trans-
' fer by giPt, devise or inheritance, t'or the purpose of de-
~ fraying the Association~s expenees and providing for the time
E involved in determining whether to approve or disapprove the
transaction or continued ownership by a tranaferee, said
screening fee to be a sum equal to one (1~) percent
of the sales price of a corxiominium apartment unit being sold,
or two (2~) percent of the annual rental in the event
of a lease oF a condominium unit, provided, that the mininum
screening fee ahall not be less than One Hundred ($100.00) Dollars
and the mauimum fee ahall not exceed One Fiundred FiPty ($150.00)
Dollars in connection with the rental of a condominium unit,
~ .and said fe~ shall be in the sum of One Hundred ($100.00) Dollars
in the event of transfer by gift, devise, or inheritance.
The Asaociation has contracted to pay over the said screening
fee to the Contractor under the terms and provisions of a
~ management contract, whereby the said Contractor shall process
c applications for the sale, tranafer or lease of condominiwm
~ apartment units, screen the proposed purchaser, transferee or
= lesaee, ar~d prepare the instruments called for by the Declar-
~ ation of Condominium to be supplied by the Association in the
~ event of approval of such application, p~ovided, hoKever, the
provisiona oP this paragraph ahall not apply to, and there
shall be no acreening Pee payable in connection ~rith, the
lease or sale of a condominium apartment unit by the Developer,
nor rrith the leaee or sale oP a cor~dominium apartment by an
~ institutional lender ~hich has aaquired suah apartment by fore-
~ cloaure or by tranafer in lieu of foreclosure proaeedings, or
a sale or lease of an apartment by the condominium association.
_16_ 8ooK188 ~~~1863
LAW OFFIC[t OR dOLDSf[IN, FRANKLIN, CHONIN ! lCHRANK, R A.. 20~0 NORTH[AST 10~110 iTR[[T, HORTH MIAMI S~ACH. ~L.ORIDA »t~!
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