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Paid Assessment Letter Request for a Sale Paid Assessment Letter Request for a Refinance
Condominium
Questionnaire Sales: ALL owners must notify the Association of their intent to sell 60 days in advance of the intended sale date. The Association will provide you with a Paid Assessment Letter which you will need to present to the title company to clear your title of any liens for unpaid Association dues. Service Charge: The Management Company reserves the right to charge homeowners a processing fee for all sales, leases, and requests for refinancing. Additional charges apply for less than a 30-day notice of sale. The Association has and retains a first right of refusal with regard to all sales and rentals of Units. Article VIII of the Declaration sets forth the procedures and notice requirements for sale and/or rental of Units. These procedures will be strictly adhered to and are incorporated herein in their entirety. Any failure to comply with procedures by the Unit Owner or Tenant will result in a non-authorized sale or rental which may be set aside at the discretion of the Board. A sale or lease which does not meet or comply with the Declaration, By-Laws, Condominium Property Act or ordinances, will not be considered or accepted. The Association will not be required to exercise its first right of refusal with regard to any sales or leases which do not meet or comply with the noted prerequisites. Each contract for sale or lease of a Unit shall be conditioned upon compliance with all requirements set forth in paragraph 4, The Association securing in a timely fashion all documentation and the Association waiving its first refusal right. At lease 60 days prior to any sale, lease, or sublease of a Unit, and at lease 60 days prior to a change in occupancy of the Unit, the Owner must complete and submit the following documents to the Association. A notice of intent to sell, lease or sublease the Condominium Unit (Exhibit "A") Lease with approved rider (Exhibit "B" Resident/Tenant/Lessee Information Sheet (C" A non-refundable processing fee for each sale or lease in the amount to be determined by the Board. (Certified Check or money order). Waiver certificate fee of $10.00. Character/credit report from a local credit bureau agency. Unit owner to pay the fee. A $300.00 deposit is required for all move-ins/move-outs, whether it is related to the sale, lease, or other change of occupancy of the unit, which must be paid by the seller/owner at least seven (7) days in advance of the move. The deposit will be set aside for indemnification in whole or in part to Association, for any damage to the interior or exterior of the building. The deposit must be made payable ONLY by Cashier's Check, Certified Check or Money Order. Deposit balances will be refunded to the seller/owner within thirty (30) days after the move, provided no damage has occurred to the building in connection with the move. Seller/owner must notify Association in writing of the address to which the refund, if any, should be mailed after the 30 day period. The total cost for damage caused during move-in/move-out by unit owners, their contractors, anyone assisting the owner, or their lessees is the responsibility of the unit owner. In the event the cost to repair the damage is over $300.00, the owner of the unit will be charged accordingly with all such extra costs and owner shall be responsible for the excess costs. Any owner who fails to submit the move-in/move-out fee as required by these rules shall be subject to a fine in accordance with the rules and regulations of the Association or as determined by the Board. Units may not be purchased with the intent of leasing said unit. We offer our own warranty letter for this property. If this is not
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