HomeMy WebLinkAbout0643 Leveloper• sti~all be suc~~ec* to :.rie followir:~ provisior.s as lor.g as ~!f~:e ~
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t'ondominium exists ar.d t~,e apartment bt:ilding is in a t:seful candi*ion, ;
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w!:ich provisions each dwell;ng unit owner coverants to t~bserve : ~
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a. TRANSFER ~LB~E~T TO APPROVAL. ;
1. Sale. AIo dwellir:g unit owner ma~ dis~ose
o
a dwellir.~ ur.it or anv ir,terest in a.
dwellir.g unit, bti~ sale, w~thout the approval
of t~-:e ~ssociation, excegt to another dwell-
in~ t:r.i*. owner.
2. Lease. i~lo dwzlling unit. owr:er ~^,ay d~spose of
~ a dwellin~ t,ni:., ~r any interest in a dwell-
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ir~~ ~~nit , b~: lease wi* ho~;± t..e epproval of
~~:e ~ssociauion, except ta ano*her dwelling
~~ni~ ewner.
s. Lift. If an~: dwelling uniL owner srall ac-
o~.ire ris ~itle b-r ~ift, L'r:e c~~ntinuance of
~ ~ i~is c~wnership of his dwelling unit shall be
st:b ject to the approval ef ~he Association .
i~. ~evise or Inher~tance. If an~: d~rellir.~ unit.
owr.er s.:all acouire ~iis *itle b~~ devise or
ir:heritance , t=.e car.tint.ance ef ?:is ownersr:iF
of hi~ d•~vellir.g urit shall be sub,;ect to t.he
apprcval cf the Association.
C-t'::er• i'rar.sfers. If an~; dwelling ur.it owr:er
shall acq~.ire his title by an}T manner nor cor.-
sidered in Lhe ~oregoin~ subsections, ~he cor.-
tinuar.ce of ~.is ownership of r.is dwell~ng unit
shali be s~.b,=ec*. to the approval of the Associa-
, tion.
B. APPRQtiAL THE A~~QCiATI~~~:. Tne approval of the As-
soc~a`.ior~ '.'.za~ ~s reqt.ired ior ~?:e ',ransfer of ownership of d~vellin~
~_;r.its shall be ~b'.ained in *h~ foilow;n~, manr~er:
l. T~:o~ice tc Assaciatior~.
a. Sale. A dwellir,~ ~~nit owner ~r~`er_din~ to
r;.ake a bona fide sale of Y:is dwellir.g uni'
~ or ar-; ir.terest ir. i} s~-:all ~ive to `he
Associa~ion notice of such in*ention, ~o-
ger'r.er wi* r: ~he name and address of the ir~-
~.ended purchaser and suc~: ot~:er ir.for^iat ior.
concerr~ing the ir_tended purchaser as *re
~tssecia*ior, rr.a;~ reaeoHabl~ require. Sucr:
ro*ice a* t'r.e dwelling unit owner's opt~on
, ma;~ include a der~~and b~~ tre dwellin~ L,n~*
owner tha~ tr~e E~ssociation furnisr a pur-
c':aser af the dwelling uni* if `.t-:e pr~posed
p~.~rchaser is no* approved; ar~d if sucr~ der-~and
is made, ~Y:e netice shall be acce:npar.ied b~-
ar. execu±ed cop:Y cf tr.e proposed conLrac~
to sell.
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uease . A dwell ing ;:nit cwn~r ir. ~end~ng ~.o i
rr~ake a bona fide lease of his dwellir~~ unit
or ar~y ir,terest tr~ereir, shall give to the
Asscciation no~ice of sucn ir.~er~tior., *o-
~e ~her with * he r,ame and addre ss of t~ e in-
i,end?d Iessee, su~ r: other information Lvr.- ;
cerning *r,e i::~ended lessee as *?~~e Associa-
* ion *nay reasonabl.r rec}T~ire , and an exec~,*ed
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