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HomeMy WebLinkAbout0019 13.2 ~~,ro_~v~a~ b Association. The approval of the Association tfiat ~ s require or the ~ransfer of ownership ot apartments ~ra~2 be obtained in the folloh~ing manner. (a) NGtice to Association. (1) Sale. An apartment owner i~tendin~ to make a bona~ide sale of his apartmen~ or any inteIest in it shall give to the Association notice of such i~tention, together ~•rith the name and address of the ~ intended purchaser and sui:;i other information concerning . the intenc?ed parchaser as the Association may reasonably require. Such ;iotice at the apartment owner's op~ion may include a demand by the apartment owner that the Association furnish a purchaser of the apartment if the proposed purchaser is not approved; and if such demand is made, tt~e notice shall he accompanied by aR executed copy of the proposed contract to sell. (2) Lease. An apartment owner intendir.g to m~ke a bona fide ease of his apartment or any interest ~.n it shall give to the Association notice of such i~tention, together with the name and address of the intended leasee, such other inforr~ation concerning the intended lessee as the Associatian mav reasonably require and an executed ~opy of the propcsed ~ease, (3) Gift devise or inheritance• other transfers. An apartment ovmer o as e taine zs tit e y gi t, devise or i~nheritance, or by any other manner not previously considered, shali give to the Association notice of th~ acquiring of his ;,itle, together with ' such information concernir.g the dpa~tment owner as the ! Association may reasonably require, and a certifiec~ copy of the i~strcrmerrt evidencing the o,~ner's ti t1e, (Y) ~~i?~,~rA t~ c~a~ve notice. If the above required notlce to t e Association is r~ot given, inen at any time after receiving knowledge of a transaction er event transferring o:vnership or possession ~f an ~ apart~r~ent, the Association at its election and without ~ notice may approve ~r disapprove ~he transaction or ~ ownership. If the Association disapproves the trans- i actions ~r ~wnership, the Association sha11 proceed ~ as it it ha~ TCCC~V~~ ~he rey~.:ire~ n~tice on ttie date j of such disapproval. i ' (b) Certif icate of ap rp oval. i • ~ (1) Sale. If the proposed transaction is a ~ sale then tfin tt~irty ( 30 ) days at ter TeC~3~ ~ cf such notice and ;~formation the Associ~tion must either ¢ a~prove or disapFrove the proposed transaction. If apFroved, the approval shall be stated in a certificate executed by any officer of ti:e Association, in record- able form. F 3 ~ (2} Lease. If the propaseci transaction is a ~ lease, then ithin thirty (30) days after recei.pt ; of such notice and information the Association must ~ either approve or disapprove the proposed transaction. ~ i"r approved, the appro~al shall be stated in a ~ certificate executed by ar~~ ~fficer of the Association, ~ ± in non-recordablz ferm. ~ (3) ~ift devise or inheritance• other transfers. ; If the apartmetzt owner aivinq notice has acquired is ~ t~tle by gift, devise or inheritance or in any other ~ manner, then within thirty (~0) days after receipt of z such r~otice and information the Associat?on must either ; appr.ove or disapprove the c~ntinuance af the apartment ~ o~-ner's ownexsFip of his apartment. If approved, the ~ approval shall be stated in a certificate eaecuted ~ by any officer of ±he Association in recordable form. ~ ~ -15- a~iG1( PA~€ . ! , ~ , ~ ; - ~ ~