Condominium Declaration - Laserfiche WebLink

Home Browse Search

•, • . . . , 7.8.6 Any license, lease, rental, assignment, transfer, or purported trans r of any interest in a Stali in violation of this Section 7.8 shall be void: 7.8.7 The use of ihe Stalis, and the size and types of cars and other moto 'zed vehicles which may be kept in a Stall, are subject to Rules and Regutations as app ved from time to time by the Board. • , .9 Stora�e Spaces. There are ninety Common Element storage spaces located i the lower �evel of the Building (collectively the "Storage Spaces," and individually a "St rage Space" . 7he assignment of the Storage Spaces, and the operation and transfer of the St rage Spaces shall be administered in accordance with this Section 7.9. The following condition and restrict�ons shall govern the assignment,use,and transfer of the Storage Spaces. 7.9.1 The initial assignment of a Storage Space to a Unit shall be made b the ssociation as directed by Deciarant at the time of the first conveyance of the U it by ; Declarant. Upon the closing of the initial sale of a Unit,the Association shail, as dir cted by Declarant, assign to ihe Unit the exclusive right and license to use at least one St rage Space. Each Storage Space assigned by the Association shall he deemed to be lic nsed and assigned by the Association to the Unit to which it is assigned. After all Units o ned by Declarant have been conveyed, any unassigned Storage Spaces shall be deemed o be �assigned to the Association. The Association may, after Declarant no longer own any Unit,rent or otherwise assign any unassigned Storage Spaces to Owners or Occupan . 7.9.2 The use rights with respect to each Sterage Space shall be deemed o be � licensed exclusively to the Owner of the Unit to which the Storage Space is assi ed. e Association shall maintain records identifying the Storage Spaces, the Units to hich they are assigned, the names of the Owners of the Units,and the dates of assignmen and ,any reassignments. A written certificate of Storage Space assignment (the "St rage Certificate") shall be signed and dated on behalf of the Association and made ava lable for delivery on the date the Owner acquires title to the Unit to which the Storage Sp ce is assigned; provided, that the Owner has been assigned a Storage Space. The Associ tion i shall not unilaterally reassign any Storage Space assigned to a Unit. � 7.9.3 A Storage Space license shall remain with the Unit to which it is ass' ned until the license is transferred in accordance with this Section 7_93. .Subject to Se tion 7.9.2, a Storage Space may be transferred to anather Unit, but only by first deliveri g to the Association (i) a written transfer certi�cate, in a form approved by the Associ tion, signed by the transferor and transferee, and (ii) all prior Storage Certificates and c pies thereof, issued with respect to the Storage Space. The Association shall revie the proposed transfer for compliance with this Section 7.9 and, if the transfer complie , the Association shall transfer the license on its records to the Unit owned by the trans eree and issue a new Stora�e Certificate to the transferee. The license to use the St rage 'Space shall remain with the Owner and Unit to which it is transferred untit the lice se is transferred in accordance with this Section 7.9. In the absence of a properly exe uted assignment to the contrary, the license to use a Storage Space assigned to a Unit t the time of the Unit's conveyance shall be automatically assigned with the conveyan e of title.to the Unit. MPLS-W d 95281.1 I 1 S �