HomeMy WebLinkAbout0188 (d ) Sc~eeni Fees. The association shall require the
~ deposit o~reasona e acreening fee simultaneously with the ~
giving of notice of intention to sell or lease, or of trans- t
fer by gif t, devise or inheritance, for the purpose of de-
fraying the Association~s expenaes and providing for the time
involved in determining whether to approve or disapprove the
transaction or continued oNnership by a transferee, said
screening fee to be a sum equal to one (l~) percent
of
the sales price of a condominium apartment unit being sold,
or two (2~) percent of the annual rental in the event -
of a le ase of a condominium unit, provided, that the minicnum
screening fee shall not be less than One Hundred ($100.00)
Dollars a»d the ma~cimum fee shall not exceed One Hundred
Fifty (~150.00) Dollars in connection with the rental of a
condominium unit, and said fee shall be in the sum of
Gne Hundred ($100.00) Dollars in the event of transfer by
gift devise, or inheritance. The Association has contracted
to pay over the said screening fee to the Contractor under
the terms and provislons of a managemant contract, whereby
the said Contractor shall process applications for the
sale, transfer or lease of condominium aps?rtment units,
screen the proposed purchaser, transferee or lessee,
~nd pregare the instrument~ called for by the Dealar-
ation of Condominium to be supplied by the Association
in the event of approval of such apglication, provided,
however, the provisions of this paragraph shall not
apply to, and there shall be no screening fee payable
in connection with, the lease or sale of a condominiurr~
apartment unit by the Developer, nor with the lease or ,
sale of a condominium apartment by an institutional
Iender which has acquired such apartment by foreclosure '
or by trar;sfer in lieu of foreclosure proceedings, or a
sale or lease af an apartment by the condominium association.
(ol ~fltl„r+o tn aivsa nntinP_ Tf nnti~P_ t[~ thG association
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as r.ereina ove requ re s no given, then at arLy time after
! receiving knowledge of a transaction or event transferring
~ ownership of an apartment, the Association, at its election and
without notice, may approve or disapprove the transaction. If
~ the Association disapproves the transaction, the :~ssociation
~ shall proceed as if it had received the required notice on
~ the date of such disapproval. :~ny sale, mortgage or lease
~ which is not authorized pursuant to the terms and provisions
' of this Jeclaration shall be void unless subsequent~y approved
_ in writing by the 4ssociation.
~
~ 13.3 Disa roval b~ssociation. If the Association shall
~ disapprove a rans er o ownera p o an apartment, the ma.tter
~ shall 'oe disposed in the following manner:
~
~ (a) Sale. Zf the proposed transaction is a sale and
~ if the notice of sale given by the apartment owner shall so
~ demand, then within thirty (30) da~ys after receipt of such
~ notice ar~d information the ~ssociation shall deliver or _
~ mail by registered mail to the apartment owner an agreemer~t
~ to purchase the apartment concerr~ed by a purchaser approved by
~ the ~ssociation, or an agreement t~ purchase signed in behalf
- „r ~ho n~e,.,.i ~~i~„ i ta pr?Pgi~c~nt ar~ $ttested by its
~
Secretary, in which event the apartment owner shall sell the ~
apartment to the named purchaser at the price and upon the ;
terms stated in the disapproved contract to sell, excepting ;
~ that at the option of the named purchaser the purchase price
- may be paid in cash at closir,g.
'Y:s
(1) The sale ahall be closed within thirty (30)
_ days after delivery or mailing~f the agreement to pur-
chase, or upon the date designated in the disapproved
contract, whichever date shall be later.
(2 ) A certificate of the Assoclation executed by
" . any of 1ts officers in recordable form shall be deliv-
ered to the gurchaser.
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- ~tiW OFFtCES OF GOLDSTEIN, FRANKLIN. GHONIN d SCHRANK. P. A.. 2020 NORTHEAST 163no STREET. NORTH MIAlMI BEACH. FLORIDA 33162 /
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