HomeMy WebLinkAbout0752 tt,~~ Association may reasonably reyuire. The notice at the unit
ownrr's option may include a demand by the unit owner that the
Association EurniSh a puc~t,aser of the unit if the proposed
purchaser is not approved; and if that demand is made, the
notice shall be accompanied by an executed copy of the proposed
contract to sell.
~2~. Gift; devise or inheritance; other
transfers. A residential unit owner intending to make a gift
of a unit c,r any interest in a residential unit, and a
residential unit owner who has obtained his title by gift,
devise or inheritance, or by any other manner not previously
approved by the Association, shall give to the Association
notice of the proposed gift or of the acquiring of title,
together with such information concerning the transferee as the
Association may reasonably require, and a certified copy of the
instrument evidencing a transferee's title.
(3). Lease. An apartment owner may lease his
apartment without Con ominium Association approval.
(4). Failure to give notice. If the above-
required notice to t e~Association is not given, then at any
tune after receiving knowledge of a transaction or event
transferring ownership of a residential unit, the Association
at its election and without notice may approve or disapprove
the transaction or .ownership. If the Association disapproves
the transaction or ownership, the Association shall proceed as
if it had received the required •riotice on the date of ghat
disapproval.
(5). Costs. A residential unit owner who is
required to give notice
to the Association of a transfer of
ownership shall pay a reasonable fee to the Association in an
amount determined by the regulations, but not to exceed $50.00,
to cover the casts incident to the determination by the
Association. The fee shall be paid with the giving of the
notice, and the no*_ice shall not be complete unless the fee is
paid; and if the notice is not given, the fee shall be assessed
against the party owning the unit at the time of assessment.
b. Certificate of Approval.
(t). Sale. If the proposed transaction is a
sale, then within ~ en (15) days after receipt of the
notice and information the Association must either approve or
disapprove the proposed transaction. If approved, the approval
shall be stated in a certificate executed by the president or
vice-president and secretary or assistant secretary of~ the
1,ssoci3*_ion in recordab:e form. The certificate shall be
recorded in the public records of Ste-. Lucie County~.Florida. at
the expense o: the purchaser.
(2). Gift; devise or inher~~ance; other
transfers. If the notice is o an inter a ,i t or t e unit
owner yiving notice has acquired his title by gift, devise or
inheritance or in any other manner not previously approved by
the Association, then within fifteen (15) days after receipt of
the notice and information the Association must either approve
oc disapprove the donee or the continuance of the transferee's
ownership of his unit. If approved, the approval shall be
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