HomeMy WebLinkAbout0645 ~isapprove a transfer of owr~ersrip o~ a ciwellir.g unit, tr.e r~,atLer shali
i
be disposed of in tre follow~r.g m,a::r.er: '
~ 1. Sa~e. Z° t::e praposed transacti n is a sale
• and i; tr.e notica o~ sale , giver. by t: e dweil-
ing uni~ owner shail so demand, the:: witr,ir.
' tY:ir~y (30) da~~s a.: ~er reeeipt of sucn r.o~~ce
ana ir.formation, e Association s'r.a~l de~iver
or .,?aii, by registereri r;ail Lo t'r~e ciwellir.~
unit owner, an ag:ee:;,ent to purchase tr.e d~+~~e1~=
:.r.g ur.i ~ concerned, by a purc::.~ser approved by
the Associatior, who will purcnase and Lo whor~,
the dh•elling ur?it owr.er r~ust sell tYe-~dwellir,~
unit upor. the foi~owirg terms:
a. At t'r.e option of ~~-.e purc::aser to 'oe stated
~r, tre agree:r.e:~t, ~r.e price to be paid s;
all
be ;,ha~ stated in the disapproved cor.~ract
to se~l sral~ be t:~e fa~r rraarice;. value
deterr.:ined by «rbitration in acco: dar,ce
w~tY: t'r,e :,ren exist~: E,T Z':lie5 Oi t:~:z A.;,erican
ti:bizra~ion Assoc:.ation, except ~:.at t'r.e
ar~~ trators s'::all '~e tk*o (2 ) appraisers
~ agpoir.ted by tr.e Ar~.ericar. Arbitrazors Kssocia-
tion, who s::ai~ base their detzr:;ir,atior.
~por. an average o~ treir separate apprais-
als o~ the awelii unit; and a~;urign.er.~
upon the award rer.dered by the aroitrators
nay be entered'_i:: ar.}* court o.: competer.t
,;ur~sdict~on. The expense of tr.e arbitra-
tior. s'rlai~ be paid by t'r.e purc :aser.
b. ~he purchsse price s'rlall be paid i~ cas'r.. ~
c. Tne sale sha~~ ~e closed with~n ~nirty (30)
' cays aiter e deiivery or mai3ing of tr.e
agree::er.t to purcr.ase . or within ter, {.'~v)
days a:te: t'r.e ae~err:.i::a~ior. o; the saie
price if swc:: ~s by arbitration, wY~.ichever
~s t:,e latter.
ri. n certi:: ~ca~e of t'r.e Assoc~atior., execa~eci
by ~:,s P: esidpn~ and Secretary ar~d approving
t:.e purc :aser s::ai~ be recorded ir. t'r,e p~;.b-
, iic recoras o~ S~. Lucie Cour.ty, Florida, at
t:~e expense of t: e p~:rchaser.
~
s~ Iz t'r.e Assoc~atior. s:.al~ fa~l to provide a
p~:rc'r.aser upo:, de:nar.ci of t'r~ dwe3lin~ urit
owner ir. ~~.e :r.anr.er provided, or if a p~,r-
cnaser furr.isr:ea by the Assoc~ation sr:al~
defaulr. :~.~s agreer.ent to purchase, t'r.en,
notwit'r.s~ar.dir.g ~'r.e disapproval, the pro-
` posed transaction s:~.al~ be dee~~~ec to ~:ave
beer. approvsd and the -Associa;,ior, shali fur-
nis: a ce: t~fica:.e of approva~ as elsewc:ere
proviced, w: ich s: aI~ be recorded ir. t:~e
publ~c :ecords oi 5:., y~;c~e CounLy, F~orica,
at ~:~e exper:se o: t:~e purchaser.
2. ~:ease . ;,:~e prcposed ar,ssc~io:. is a Iease ,
~he dwei2ir.g Uni;, owr,er srali. be advisec of t:~: ?
d~sapproval ir~ writ~r.g snd tr,e lease s'r:ali r.ot
be ~-.ade .
3. Gift • Dev-~se or ~r.rer~ ~ar.ce • 0~'r.er :'rar.s~ers.
I.. ti-.e dwEii~ag ~;nit owr:er g~vir.g notice ::as
ac~uired t:~t:te by gif~, d2vise or in~eri~ar~ce
80RK 19i~ P~~E 644
-22-
~ . - _ :