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Condominium Resale Certificate - Williams & Williams

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'A29 bIIG/jlf 3/8/84<br />

domain, the award shall compensate the Unit Owner for<br />

the reduction in value of the Unit and its Allocated<br />

Interest, whether or not any Common Elements are acquired.<br />

Upon acquisition, unless the decree otherwise provides,<br />

Ci) that Unit's Allocated Interests are reduced in<br />

proportion to the reduction in the size of the Unit, or<br />

on any other basis specified in the Declaration,<br />

and (ii) the portion of the Allocated Interests divested<br />

from the partially acquired Unit are automatically<br />

reallocated to that Unit and the remaining Units in<br />

proportion to the respective Allocated Interests of<br />

those Units before the taking, with the partially<br />

acquired Unit participating in the reallocation on the<br />

basis of its reduced Allocated Interests.<br />

ARTICLE XI.<br />

DEVELOPMENT RIGHTS<br />

11.1 Additions to flat and Modification of DeclaratIon:<br />

Each person acquiring a Unit hereunder shall be conclusively<br />

deemed to have appointed the Declarant as the Unit Owner's<br />

attorney-in-fact for a period of four (4) years expiring<br />

from the date of recording of this Declaration.<br />

During this<br />

period1 the Declarant reserves the right, but not the obligation,<br />

and shall have full power and authority to amend the Declaration<br />

and Plat in compliance with the Act by including any parcel<br />

or parcels contiguous or non-contiguous to the Property, or<br />

to delete any parcel or portion thereof and to change the<br />

number of Units and amend the Allocated Interests to each<br />

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