HomeMy WebLinkAbout1185 mail to the apartment owner an agreement to purchase
the apartment concerned by a purchaser approved by
the Association, or an agreement to purchase siqned
on behalf of the Association by its president and
attested by its secretary, who will purchase and to
whom the apartment owner must sell the apartment
upon the followinq terms: ~
(1) The sale price shall be the fair market value
determined by agreement between the seller and
purchaser within thirty (30) days from the
delivery or mailing of such agreement. In
the absence of agreement as to price, the
price shall be determined by arbitration in
'accordance with the then existing rules of the
American Arbitration Association, exceQt that
the arbitrators shall be two appraisers appointed
by the American Arbitration Association who ~
shall base their determination upon an average
~ of~their appraisals of the apartment. A judg-
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~ ment of specific performance of the sale upon
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~ the award rend~red by the arbitrators may be
entered in any court of competent jurisdiction. _
The expense of the arbitration shall be paid ~
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by the purchaser.
(2y The purchase price shall be paid in cash or
as agreed upon by seller,and purchaser. ,
.
(3) The sale shall be closed within ten (10)
days following the determination of the sale
~
price .
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~ (4) A certificate of the Association executed
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by its president and secretary and approving
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- ~ B~K ~ ~1i85
NCILL Ollir/IN JErFR1ES i LIOYD
- CMAfiTEREO
P. O~ SOX ~270. FOpT W ERCE. fIORIDA 33460 - TEIEPMONE (30S) 464-9200 .
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