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•, � �. ,� , St�l] assigned by the Association shall be deemed to be licensed and assigned by e . Association to the Unit to which it is assigned. After all Units owned by Declarant h ve i been conveyed, any unassigned Stalls shall be deemed to be assigned to the Associati n, � anld may be reserved for guests of Owners and Occupants, for handicapped parking, or for rental or assignment by the Association to Owners or Occupants, as determined by e Bqard. The Association may,after DecIarant no longer owns any Unit,rent or othe ise as$ign any unassigned StalIs to Owners or Occupants. _ ex� 7.8.2 The use rights with respect to each Stall shall be deemed to be licen ed lusi�ely to the Owner of the Unit to which the Sta11 is assigned. `fhe Association s al� maintain records identifying the Stalls, the Units to which they are assigned,the name of th� Owners of the Units, and the dates of assignment and any reassignments. A wri en cettificate of garage stall assignment{the"Garage Certificate") shall be signed and da ed � on behalf of the Association and made available for delivery on the date the Ow er acquires title to the Unit to which the Stall is assigned. The Association shall ot. unrlateral3y reassign any Stall assi�ned to a Unit, except for handicapped S al] as�ignments which may be unilaterally transferred by the Association to accommod te le ally handicapped persons. . � 7.8.3 A Sta11 shall remain with the Unit to which is it assigned unti] ihe lice se is Itransferred in accordance with this Section 7_8.3. Subject to Section 7.8,2, a S alt license may be transferred to another Unit,but only by first delivering to the Associa on (i) a written transfer certificate, Hn a form_approved.by the Association, signed by he tra�r►sferor and the transferee, and {ii) all prior Garage Certificates and copies ther of � . issued with respect to the Statl. The Association shall review the proposed�trans er • ce{tificate for compliance with this Sectian 7 and, if the transfer complies, e Association shall transfer the license on its records to the Unit owned by the transfe ed and issue a new Garage Certificate to the transferee. The Iicense to use the Sfall s all rec;nain with the Owner and the Unit to which it is assigned until the license is transfe ee in accordance with this Seetion 7.8. In the absence of a properly executed assignmen to the convary, the license to use a Stall assigned to a Unit at the time of the Un t's , col�veyance shall be automatically assigned with the conveyance of title to the Unit. 7.8_4 An Owner may rent or allow the use of the Stall assigned to his or her U it onpy to or by other Owners and Occupants. The lease or other use right shall be in � written form, and shall terrninate when the lessor, lessee, or other user is no longer an Owner or Occupant, regardless of the terms of any agreement to the contrary. e 0�lvner shal] give the Association advance written notice of any lease or use agreem nt with respect to the Stalt assigned to that Owner's Unit,and shall promptly provide a c py of,the lease or use agreement to the Association. The Association may hold,reassign he . license for, or rent, a Stall assigned to it in the same manner as an Owner, except for he iStalls reserved for use by Owners. � 7.8.5 The interest of a secured party holding a first lien or other security inter st on a Unit shall include the license to any Stall which is assigned to the Unit, and s�id ri�hts shall be included within the secured party's interest acquired in the event o a foreclosure of the lien or other security interest. � M PLS-Word 95281.1 l t� — -- �- — - – � -- -- - - ' �