Condominium Resale Certificate - Williams & Williams
Condominium Resale Certificate - Williams & Williams
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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