HomeMy WebLinkAbout1559 Board of Directors within thirty (30) days, the transfer shall be
deemed to have been approved by the Board of Directors, and the Board
shall provide its written consent upon request of the seller or
purchaser, which consent shall be executed in such manner as to
entitle it to be recorded in the Public Records of St. Lucie County,
Florida.
If the transfer be disapproved, the association shall have
thirty (30) days from the date of disapproval within which to purchase
the condominium parcel upon the same terms and conditions as are con-
tained in the contract of sale submitted by the owner. If the
association fails to exercise its option to purchase within thirty
(30) days, or has not provided an approved purchaser who executes a
contract of sale .upon the same terms and conditions within said time,
then the-unit owner shall be free to sell and convey to the intended
purchaser.
The provisions of this section shall not be applicable to any
sale made by the developer or its assigns nor to any sale or transfer
made by an institutional mortgagee acquiring title as the result of
its foreclosure or by voluntary acceptance of the transfer of title in
lieu of such foreclosure nor to a purchaser acquiring title of such
foreclosure proceedings, nor to any person accepting title in lieu of
such foreclosure, nor to sales made pursuant to order or decree of
court in connection with the foreclosure of an institutional first
mortgage.
Section 2 - Leasing
No unit shall be leased or rented by the respective unit
owner thereof for transient or hotel purposes which are hereby defined
as (A) rentals for less than ninety (40) days or (B) rentals where the
occupants of the unit are to be provided services such as room service
for food and beverage, maid service, furnishing of laundry, linens
and bellboy service. _ Other than the foregoing, the owner or owners of
the respective unit shall have the right to lease the same provided
that all such leases are first approved by the association and are
made subject to this Declaration, the Articles of Incorporation of the
association and the By-Laws of the association. The leasing of a unit
shall not relieve the owner thereof from paying his share of
assessments.
-2 3- Br 7K JJ I P~GE1~
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