Condominium Declaration - Laserfiche WebLink

Home Browse Search

� ' , . 7.8.6 Any license, lease, rental, assignment, transfer, or purported tran fer of • any interest in a Stali in violation of this Section 7.8 shall be void: 7.8.7 The use of the Stalis, and the size and types of cars and other mot rized vehicles which.may be kept in a Stall, are subject to Rutes and Regulations as ap roved , frem time to time by the Board. 7.9 Storage Spaces. There are ninety Common EIement storage spaces located in the ltwer level of the Building (collectively the "Siorage Spaces," and individually a "S orage Spaee'). The assigmnent of fhe Storage Spaces, and the operation and #ransfer of the S orage Space , shall be administered in accordance with this Section 7.9. The following conditio s and restric ions 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 y ihe Association as directed by Declarant at the time of the first conveyance of the nit by ; Declarant. Upon the closing of the initial sale of a Unit,the Association shall, as di ected by Declarant, assign to the Unit the exclusive right and license to use at least one S orage. Space. Each Storage Space assigned by the Association shall be deemed to be li ensed and assigned by the Association to the Unit to which it is assigned_ After all Units wned by Declarant have been conveyed, any unassigned Storage Spaces shall be deeme to be assigned to the Association. The Association may, after Declarant no longer o s any Uait,rent or otherwise assign any unassigned Storage Spaces to Owners or Occupa ts. 7.9.2 The use rights with respect to each Storage Space shall be deeme to be � licensed exclusively to the Owner of the Unit to which the Storage Space is ass �ned. ' The 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 assignme t and any reassignments. A written certificate of Storage Space assignment {the "S orage Certificate") shali be signed and dated on behalf of the Association and made av ilable for delivery on the date the Owner acquires tit[e to the Unit to which the Storage S ace is assigned; provided, that the Owner has been assigned a Storage Space. The Ass iatian i shal] not unilateralty reassign any Storage Space assigned to a Unit. , 7.9.3 A Storage Space license shall remain with the Unit to which it is as igned until the license is transferred in accordance with this Section 7.9.3. .Subject to S ction 7.9.2, a Storage Space may be transferred to another Unit, but only by first delive 'ng to the Association (i) a written transfer certi�cate, in a forrn approved by the Assoc ation, signed by the transferor and transferee, and (ii) atl prior Storage Certificates and opies thereof, issued with xespect to the Storage Space. The Association shall revi the proposed transfer for compliance with this Section 7.9 and, if the transfer compli s, the Association shall transfer the license on its records to the Unit owned by the tra feree and issue a new Storage CertiFcate to the transferee. The license to use the S orage Space shall remain with the Owner and Unit to which it is transferred until the lic nse is transferred in accordance with this Section 7.9. In the absence of a properly ex cuted assignment to the contrary, the license to use a Storage Space assigned to a Unit at the time of the Unit's canveyance shall be automatically assigned with the conveya ce of title to the Unit. MPLS-� ord 95281.1 I 1 5