HomeMy WebLinkAbout2028 (d) Devise or inheritance. If any apartment owner
shall acquire his title by devise or inheritance, the
continuance of his ownership of his apartment shall be
subject to the approval of the-Association.
(e) Other Transfers. If any apartment owner shall
acquire his title by any manner not considered in the fore-
going subsections, ~he continuance of his ownership of his
apartment shall be subject to the approval of the Association.
13_2 Annraval bv Association. The approval of the Associa- ~
tion that is required for the transfer of ownership of
apartments shall be obtained in t}:e following manner.
(a) Notice of Association.
(1) Sale. An apartment owner intending to make a~
bona fide sale of his apartment or any interest in it
shall give to the Association notice of such intention,
together with the name and address of the intended
purchaser and ~uch other information concerning the
intended purchaser as the Association may reasonably
require. Such notice at the apartment owner's option
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, the notice shall be accompanied by an
executed copy of the proposed contract to sell.
(2) Lease. An apartment owner intending to make
a bona fide lease of his apartment or any interest in
it shall give to the Association notice of such inten-
tian, together with the name and address of the ~
intended lessee, such other information concerning the
intended lessee as the Association may reasonably re-
quire and an executed copy of the proposed lease.
S3) 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
previously considered, shall give to the Association
notice of the acquiring of his title, together with
such information concerni.ng the apartment owner as the
Association may reasonably require, and a certified
copy o~ the instrument evidencing the ownerts title.
(4) Failure to give notice. If the above required .
notice to the Association is not given, then at any
~ time after receiving lrnowledge of a transaction or
; event transferring ownership or possession of an '
~ apartment, the Association at its election and without
i notice may approve or disapprove the transaction or
ownership. If the Association disapproves the trans-
i actions or ownership, the Association shall proceed
as if it had received the required notice on the date :
of such disapproval, i
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` (b) Certificate of approval. -
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(1) Sale. If the proposed transaction is a sale -
then within thirty (30) days after receipt of such ~
; notice and information the Association must either ~
- approve or disapprove the proposed transaction. If -
z approved, the approval shall be stated in a certificate
; executed by any officer of the Association, in ~
t recordable fozm.
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~ BOOK237 PACE2O~ '
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