HomeMy WebLinkAbout1875 a. Notice to Association.
(1) Sale. An apartment owner intending to make a
bona fide sale -of his apartment or any interest in it will
give to the Board of Directors of the Association notice
of such intention, together with the name and address of
the intended purchaser and such other information con-
cerning the intended purchaser as said Board may reason-
ably require. Such notice, at the apartment owner's .
option, may include a demand by the apartment owner that
said Board furnish a purchaser of the apartment if the
proposed purchaser is not approved; and if such demand
is made, the notice will be accompanied by an executed
copy of the proposed contract to sell.
(2) Lease. An apartment owner intending to make a
bona fide e~
ase
of his apartment will give to the Board
of Directors of the Association notice of such intention,
tagether with the name and address of the intended lessee,
such other information concerning the intended lessee as
said Board may reasonably require and an executed copy ~
of the proposed lease. _ ~ ~
(3) Gift, devise or inheritance; other transfers. +
An apartment owner who has obtained his title by gift,
devise or inheritance, or by any other manner not pre-
viously considered, will give to the Board of Directors
of the Association notice of the acquiring of his title,
together with such information concerning the apartment
owner as said Board may reasonably require and a cer-
tified copy of the instruunent evidencing the owner's title.
(4) Failure to give notice. If the above required
notice to the Board of Directors of the Association is
not given, then at any time after receiving knowledge of
a transaction or event transferring ownership or possession
of an apartment said Board at its election and without f
notice may approve or disapprove the transaction or owner-
ship. If said Board disapproves the transaction or
ownership, it wzll proceed as if it had received the
required notice on the date of such disapproval. ~
b. Certificate of Approval. -
(1) Sale. If the proposed transaction is a~sale,
then within thirty (30) days a£ter receint of such
notice and information, the Board of Directors of the
Association must either approve or disapprove the pro-
posed transaction. If approved, the approval will be
stated in a certificate executed by the President and
Secretary of the Association.
(2) Lease. If the proposed transaction is a lease,
then within th
rty (30) days after receipt of such notice
and information the Board of Directors of the Association
must either approve or disapprove the proposed trans-
action; and if the lease is for a period of less than
sixty (60) days, it must be disapproved. If approved,
the approval will be stated in a certif icate executed by
the President and Secretary of the Association.
(3) Gift; devise or inheritance; other transfers.
If the apartment owner giving notice has acquired his
title by gift, devise or inheritance or in any other
manner not previously considered, then within thirty (30)
days after receipt of such notice and information the
Board of Directors of the Association must either approve
or disapprove the continuance of the apartment owner's
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FEE. PARKER ~c FEE. P. A.
~ ATTORNEYS AT LAW ~ R (1 3
POST OFFICE BOX 100p ~(~(}K(y„~~,~ p~~~~J~74 ~
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FORT PIERGE. FLOR~OA 33450
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