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18.2 A roval b~ Association. The approval of the
Association is require for the transfer of ownership of unit
falling within Paragraph 18.1 and shall be obtained in the
following manner:
(a) Notice to Association.
(1) Sale. A unit owner intending to make a bona
fide sale of his unit or any interest in it shall qive
to the Association notice of such intention, together
with the name and address of the proposed purchaser, the
purchase price and terms, and such other information
concerning the proposed purchaser as the Association may
reasonably require and an executed copy of~the proposed
contract to sell. Such notice, at the unit owner's
option, may include a demand by the unit owner that the
Association furnish a purchaser of the unit if the
proposed purchaser is not approved, provided, the
proposed purchaser qualifies as a unit owner in
accordance with this Declaration and the Rules and
Regulations promulgated by the Association.
(2) Lease. Any unit owner intending to make a
bona fide lease of his unit or any interest in it shall
give to the Association notice of such intention,
together with the name and address of the proposed
lessee, and such other information concerning the
praposed lessee as the Association may reasonably
require, and an executed copy of the proposed lease,
which shall be for a term of not less than three (3)
months.
(3) Gift, Devise, or Inheritance; Other Transfers.
Any unit 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 Qf his title, together with such
information concerning the unit owner as the Association
may reasonably require, and a certified copy of the
instrument evidencing the awner's title.
(4) Failure to Give Notice. If the above required
notice to the Association is not given, then at any time
after receiving knawledge of a transfer or event
transferring ownership or possession of a unit, the
Association at its election and without notice, may
approve or disapprove the transaction or ownership. If
the Association disapproves the transaction or
awnership, the Association shall proceed as if it has
received the required notice on the date of such
disapproval.
(5) Application Form. The Association is vested
with the authority to prescribe an application form such
as may require specific personal, social, financial and
other data relating to the intended purchaser or lessee,
or as relates to the "new owner" in the case of a
transfer by gift, devise or inheritance, as may
reasonably be required by the Association in order to
enable the Association ta responsibly investigate the
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FEE. KOBLEGARD & TEEL. P. A.
ATTORNEYS AT LAW e~~~~ P~ ~
POST OFFICE BOX 1000 D
FORT PIERCE. FLOR~DA 33450
Tt~[~HOnc~ (306) 461-6020