Laserfiche WebLink
� ' . . <br /> I <br /> 7.8.6 Any license, lease, rental, assignment, transfer, or purported transf�r of • <br /> any interest in a Stali in violation of this Section 7.8 shall be void: I <br /> 7.8.7 The use of the Stalis, and the size and types of cars and other moto 'zed <br /> ,'vehicles which may be kept in a Stall, are subject to Rufes and Regutations as app ved <br /> � �fr�m time to time by the Board. � <br /> 79 StaraQe SFaces. There are ninety Common Element storage spaces located in the <br /> lower levei of the Building (collectively the "Storage Spaces," and individually a "St rage <br /> Space"). The assigmnent of the Storage Spaces, and the aperation and #ransfer of the St rage <br /> Spaces; shall be administered in accordance with this Section 7.9. The following conditio and <br /> restrictions shall govern the assignment,use,and transfer of the Storage Spaces. I <br /> - 7.9.1 The initial assignment of a Storage Space to a Unit shall be made ly the <br /> ;Association as directed by Deciarant at the time of the first conveyance of the U it by ; <br /> Declarant. Upon the closing of the initial sale of a Unit,the Association shall, as di ected <br /> ;by Declarant, assign to the Unit the exclusive right and license to use at least one S orage <br /> . Space. Each Storage Space assigned by the Association shali be deemed to be li ensed <br /> ' and assigned by the Association to the Unit to which it is assigned. After all Units wned <br /> � by Declarant have been conveyed, any unassigned Storage Spaces shall be deeme to be <br /> assigned to the Association. The Association may, after Declarant no longer ow s any <br /> Unit,rent or otherwise assign any unassigned Storage Spaces to Owners or Occupar�ts. <br /> ; I <br /> 7.9.2 The use rights with respect to each Stora�e Space shall be deeme to be <br /> licensed exclusively to the Owner of the Unit to which the Storage Space is ass�gned. <br /> The Association shall maintain records identifying the Storage Spaces, the Units to which <br /> they are assigned, the names of the Owners of the Units, and the dates of assignm t and <br /> any reassignments. A written certificate of Storage Space assignment {the " torage <br /> ,' Certificate") shall be signed and dated on behalf of the Association and made.av ilable <br /> for delivery on the date the Owner acquires titie to the Unit to which the Storage S ace is <br /> ; assigned; provided, that the Owner has been assigned a Storage Space. The Ass iatian i <br /> sha13 not unilaterally reassign any Storage Space assigned to a Unit. I <br /> � <br /> 7.93 A Storage Space license shall remain with the Unit to which it is a signed <br /> until the license is transferred in accordance wiFh this Section 7_9.3. .Subject to ection <br /> 7.9.2, a Storage Space may be transferred to anather Unit, but only by first deliv ring to <br /> ; the Association (i) a written transfer certificate, in a form approved by the Asso iation, <br /> signed by the transferor and transferee, and (ii) atl prior Storage Certificates and copies <br /> ; thereof, issued with respect to the Storage Space. The Association shall revi w the <br /> proposed transfer for cornpliance with this Section 7.9 and, if the transfer compl es, the <br /> , Association shall transfer the license on its records to the Unit owned by the tra sferee <br /> and issue a new Storage Certificate to the transferee. The license to use the torage <br /> ; Space shall rernain with the Owner and Unit to which it is transferred until the li ense is <br /> ' transferred in accordance with ihis Section 7.9. In the absence of a properly e�ecuted <br /> , assignment to the contrary, the license to use a Storage Space assigned to a Un't at the <br /> ' time of the Unit's conveyance shall be automatically assigned with the convey nce of <br /> title to the Unit. <br /> MPLS�Word 95281.1 I 1 S <br />