HomeMy WebLinkAbout1908 (e) Other transfers. If any unit owner shall
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acquire his title by any manner not considered in the foreqoing
subsections, the continuance of his ownership of his unit shall be
subject to the approval of the Association.
11.2. Approval by Association. The approval of the
Association that is required ~or the transfer of ownership of units
shall be obtained in the following manner: ~
(a) Notice to Association.
(1) Sale. A unit owner intendinq to make a '
bona fide sale of his unit or any interest in it shall qive to the
Association notice of such intention, together with.the name and
address of the intended purchaser and such other information con-
cerning the intended purchaser as the Association may reasonably
require. Such notice at the unit owner's option may include a demand
by the unit owner that the Association furnish a purchaser of the
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 pro-
posed contract to sell.
(2) Lease. A unit owner intending to make a
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bona fide lease of his unit or any interest in it shall give to the
~ Association notice of such intention, together with the name and
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~ address of the intended lessee, such other information concerning the
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~ intended lessee as the Association may reasonably require and an
executed copy of the proposed lease. ~
(3) Gift; devise or inheritance; other transfers.
~ A unit owner who has obtained his title by gift, devise or inheritance,
4 or by any other manner not previously considered, shall give to the
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~ Association notice of the acquiring of his title, together with such .
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~ information concerning the unit owner as the Association may reasonably
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~ require, and a certified copy of the instrwnent evidencing the owner's
~ title.
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