HomeMy WebLinkAbout1411 name of the transferee and the transferee's Apartment number, 'and furnish a
true copy cif the same to the Association, which shall record the Assignment
in the Book.
2. Notwithstanding any provisions herein contained to the con-
trary, there shall always be~ at least one (1) Parking Space appurtenant to
each Apartment and no transfer shall be made which shall result in an Apart-
ment having no Parking Space appurtenant thereto.
XV . CONVEYANCES, .SALES AND MORTGAGES
In order to assure a community of congenial Apartment Owners and to
protect the value of the Apartments, the sale, leasing and mortgaging of
Apartments shall be subject to the following provisions
A . Sale or Lease
No Apartment Owner may convey, transfer or dispose of his Apart-
ment or any interest therein by sale, lease or otherwise (except to the spouse
or parents of such Apartment Owner) without approval of the Board, which
approval shall be obtained in the following manner:
1. Notice to Association. Each and every time an Apartment
Owner intends to make a sale or lease of his Apartment or any interest there-
in , he (the "Offeror") shall give written notice to the Association of such
intention (the "Notice") together with the name and address of the intended
purchaser or lessee, the terms of such purchase or lease, and such other in-
formation as the Association may reasonably require on forms supplied by the
Association (the "Offering") . The giving of such Notice shall constitute a
warranty and representation by the Offeror .to the Association and any pur-
chaser or lessee produced by the Association, as hereinafter provided, that
the Offering is a bona fide offer in all respects . The Notice shall be given
by certified mail , return receipt requested , or delivered by hand to the
Secretary of the Association who shall give a receipt therefor.
2. Association's Election. Within thirty (30) days after receipt of
l the Notice, the Association by its Board shall either approve the Offering
<"Approval") or furnish to the Offeror by written notice (the "Substitution
i Notice") the name and address of. a purchaser or lessee approved by the
Association to accept the Offering (the "Substituted Purchaser or Lessee") .
(a) The Approval shall be in writing in recordable form
~ signed by any two (2) members of the Board (hereinafter referred to in this
Declaration as the "Certificate of Approval") and it shall be delivered to the
a Offeror and the proposed -purchaser or lessee named in the Offering . Failure
t of the Board to -grant Approval or tp furnish a Substituted Purchaser or
Lessee within thirty (30) days after the Notice is given shall constitute ap-
proval of the Offering, and the Association shall be required to prepare and
deliver the Certificate of Approval to the Offeror and the purchaser or lessee
of the Offeror named in the Offering.
(b) In the event the Arssociation furnishes the Offeror the
Substitution Notice, the Offeror shall be deemed to have made the Offering to
~ the Substituted Purchaser or Lessee; provided, however, that the Substituted
Purchaser or Lessee shall have not less than thirty (30) days subsequent to
the date of the Substitution Notice to consummate the sale of the Offeror's
Apartment. Offeror shall be obligated to consummate the Offering with the
- Substituted Purchaser or Lessee upon terms no less favorable than the terms
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RUOEN. BARN ETT, McCEOSKr 6 SC.iUSTER. ATTORNErS AT IAW, 25 SOUTr~ AN DREK'S AVENUE. FORT EAU DERDAEE. ELOR~OA
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