Condominium declaration - Laserfiche WebLink

Home Browse Search

•,, ' . .� i ; Stall assigned by the Association shall be deemed to be licensed and assigned y the . ; Association to the Unit to which it is assigned. After alt Units owned by Decla i have i , been conveyed, any unassigned Stalls shall be deemed to be assigned to the Asso iation, and may be reserved for guests of Owners and Occupants, for handicapped park ng, or for rental or assignment by the Association to Owners or Occupants,as determined by the ' Board. The Association may, after Declarant�o longer owns any llnit, rent or a rwise ,' assign any unassigned Stalis to Owners or Occupants. . � 7.8.2 The use rights with respect to each Stall shall be deemed to be li ensed , exclusively to the Owner of the Unit to which the Stall is assigned. The Associati n sha13 maintain records identifying the Stalls, the Units to which they are assigned,the n mes of the Owners of the Units, and the dates of assignment and any reassignments. A ritten ' certificate of garage stall assignment(the"Garage Certificate"}5ha11 be signed an dated � ' on behalf of the Association and made available for delivery on the date the Owner acyuires title to the Unit to which the Stall is assigned. The Association s all not , unilaterally reassign any Stall assi�ed to a Unit, except for handicappe Stall. assignments which may be unilaterally transferred by the Association to accom odate ' legally handicapped persons. , 7.8.3 A Statl shall remain with the Unit to which is it assigned unti] the�license is transferred in accordance with this Section 7_8.3. Subject to Section 7.8.2, a Stall , license may be transferred to another Unit, but only by first delivering to the Ass iation (i) a written transfer certificate, in a form approved by the Association, signed by the transferor and the transferee, and {ii) all prior Garage Certificates and copies thereof , ! issued with respect to the Statl. The Association shall review the proposed ransfer � ; certificate for compliance with this Section 7 and, if the transfer compl es, the , Association shall transfer the license on its records to the Unit owned by the nsfered , and issue a new Garage CertificaTe to the transferee. The [icense to use the St II shall � remain with the Owner and the Unit to which it is assigned until the license is nsferee � in accordance with this Section 7.8. In the absence of a properly executed assig ent to ' the contrary, the license to use a Stall assigned to a Unit at the time of th Unit's � ; conveyance shalI be automatically assigned with the conveyance of title to the Un t. ; 7.8.4 An Owner may rent or allow the use of the Stall assigned to his or er Unit j , only to or by other Owners and Occupants_ The lease or other use right sh ll be in � written form, and shall terminate when the lessor, lessee, or other user is no 1 nger an . � Owner or Occupant, regardless of the terms of any agreement to the contra . The Owner shall give the Association advance written notice of any lease or use a eerrcent with respect to the Sta!! assigned to that Owner's Unit, and shall promptly provid a copy , of the lease or use agreement to the Association. The Association may hold,rea sign the , license for, or reni, a Stall assigned to it in the same manner as an Owner, exce for the I � Stafls reserved for use by Owners. I � 7.8.5 The interest of a secured party holding a first lien or other secnri interest ' on a Unit shall incl�de the license to any Statl which is assigned to the Unit, nd said ' rights shall be included within the secured party's interest acquired in the e nt of a � foreclosure of the lien or other security interest. MPL�-Word 9528t.11 �4 — — —� �- — - — — - - • �