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•ti � , I 7.8.6 Any license, lease, rental, assignment, transfer, or purported transfer o • any i�terest in a Stali in violation of this Section 7.8 shall be void: I7.8.7 The use of the Stalis, and the size and types of cars and other motorized vehi�les which may be kept in a Stall, are subject to Rutes and Regutations as approved . fremi time to time by the Board. _ 79 I StoraQe Spaces. There are ninety Common Element storage spaces located in th lower levelIof the Building (collectively the "Siorage Spaces," and individually a "Storag Space"). Tlhe assigmnent of the Storage Spaces, and the operation and iransfer of the Storag � Spaces, shal� be administered in accordance with this Section 7.9. The following conditions an restrictions 3ha1!govern the assignment,use,and transfer of the Storage Spaces. - I 7.9.1 The initial assignment of a Storage Space to a Unit shall be made by th Ass ciation as directed by Declarant at the time of the first conveyance of the Unit b ; Decl rant. Upon the closing of the initial sale of a Unit,ihe Association shall, as directe by eclarant, assign to the Unit the exclusive right and license to use at least one Storag Spa e. Each Storage Space assigned by the Association shall be deemed to be license and ssigned by the Association to the Unit to which it is assigned. After all Units owne by eclarant have heen canveyed, any unassigned Storage Spaces shall be deemed to assi ned to the Association. The Association may, after Declarant no longer owns an Unit�rent or otherwise assign any unassigned Storage Spaces to Owners or Occupants. 7.9.2 The use rights with respect to each Storage Space shall be deemed to b lice�lsed exclusively to the Owner of the Unit to which the Storage Space is assigned The�Association shall maintain records identifying the Siorage Spaces, the Units to whic they are assigned,the names of the Owners of the Units, and the dates of assignment an . any Ireassignments. A written certificate of Storage Space assignment (the "Storag Cer �6cate") shall be signed and dated �n behalf of the Association and made availabl for elivery on the date the Owner acquires titSe to the Unit to which the Storage Space i assi ned; provided, that the Owner has been assigned a Storage Space. The Associatio� i shal� not unilaterally reassign any Storage Space assigned to a Unit. i 7.9.3 A Storage Space license shall remain with the Unit to which it is assigne unti the license is transferred in accordance with this Section 7_9.3. .Subject to Sectio 7.9. , a Storage Space may be transferred to another Unit, but only by first delivering t the ssociation (i) a written transfer certificate, in a forrn approved by the Association signed by the transferor and transferee, and (ii) atl prior Storage Certificates and copie therl of, issued with respect to the Storage Space. The Association shall review th pro osed transfer for compliance with this Section 7.9 and, if the transfer complies, th Ass ciation shall transfer the license on its records to the Unit owned by the transfere and issue a new Storage Certificate to the transferee. The license to use the Storag Spa e shall remain with the Owner and Unit to which it is transferred until the license i tran ferred in accordance with this Section 7.9. In the absence of a properly execute assi nment to the contrary, the license to use a Storage Space assigned to a Unit at th tim of the Unit's c�nveyance shall be automatically assigned with the conveyance o titl to the Unit. MPLS-Word 95 SI.1 I 1 S , I