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atrume~t evidencing the oMr~er'a title. ~
-(4_j__ Failure to ive notice. If the abuv~e re-
quired not ce o~ s aaoa a on ia not given, then at -
any tlme after receiving kr~oMledge of a tranaaction or
_ evsnt tranaferring oxnership or poaseaaion of an apart- ~
ment, the ~:saociation at its election and Mithout notice ~
may approve or diaapprov~e the tranaaction or o~+nerahip. ~
If the Aaaociation diaapproves the transactiona or oxn- ~
erehip, the Aaaociation sh~ll proceed a8 iP it hnd re-
ceivsd the require8 notice on the date of such disap-
proval . ?
~
,
(b) Certificate oP approval. _
(1) Sale. If the propoaed t~ansaction ia a sale
then Nithin
~Fiirty (30) days after receipt o1' such no-
tice arrd int'ormdtion t2ie Aaaociation muat eitY~er ap- ~
- prove or disapprove the prr+Fosed tranaaction. If ap-
proved, the approval shall be stated in a certificate
executed by any ofPicer of the Association, in record-
able form. _
(2) Lease. If the proposed transaction is a
lease, then~hin thirty (30) days after receipt of
sueh notiee and information the Asacciation must eith-
er approve or diaapprove the propoaed transaction. If
approved, the approval shall be stated in a certificate
eaecuted by any officer of the Association, in non-re-
cordable fo,rm_
(3)~ (31ft devise or inheritance; other transfera.
If the apar men ormer g v rag no ce s acq re a
title by giPt, devise or inheritance or in ar~y other t
manner, then xithin thirty (30) days after receipt of =
auch notice and information the Asaociation must either `
~ approve or diaapprove the continuance of the apartment
aMr~er's oKnerahip of hia apartment. If approved, the
appMival shall be stated in a certiPicate executed by
e Aasociation in recordable form.
ar~ oPricer of th ~
;
(c) A roval of corporate owner or purchgaer. Inasmuch
as the Co o n um may e uae on q or rea aen 1 purposes ~ i
and a corporation cannot occupy an apartment for such use, if ~
the apartment or+ner, purchaser or lesaee of an apartment is a i
corporat3on, the approval of o~rnership or lease by the corpo- }
ration may be conditioned by requiring that all persona occu-
pying the apartment be approved by the Association.
(d) Screeni Fees. The Association shall require the
d~posit o a reasona e~acreening fee aimultaneously with the ~
giving of notice of intention to sell or lease, or of trans- ;
fer by gift, deviae or inheritance, for the purpose of de- .
fraying the Association'a expenses and providing Por the time
involved in determining Mhether to approve or disapprov~e the
tranaaction or continued o~r~erahip by_a transferee, said
acreening fee to be a sum equal to one (1~) percent
of the sales price of a cordominium apartment unit being sold,
or txo (2~) percent oP the annual rental in the event
oP a lease of a condominium unit, provided, that- the minimum :
screening fee..shall not be leas than One Hundred (~100.00} ;
Dollars and the meucimum fee shall not eaceed One Fh~ndred ~
FiPty (~150.00) Dollars in cormection Kith the rental oP a
condominium unit, and said fee shall be in the sum oP
One Hundred (~100.00) Dollars in the event of.transfer by gift, ~
devise, or inheritance. The Aasociation has contracted ~
to pay over the said screening Pee to the Contractor under ~
the terms and provisions of a management contract, Khereby 3
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LAW OFFICES OF GOLDSTEIN FRANKLIN. CHONIN S SCHttANK. P A 2020 VORTNEAST 163Nn STREET NORTH MIAMI BEACH. FLORIOA 33162