5. HRSR 03-01-2010 - Laserfiche WebLink

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noticei by the Original Seller; Effective upon the filing of the notice of Stall assignment with the Association, the identified Stall shall, by operation of this Section 3.3, be deemed to be licensed by the Association, as of the date set forth in the notice, to the Owner of the Unit designated in the notice. A certificate evidencing the Stall license shall ,be executed -by the Pfesident or Secretary of the As -sociation on behalf of the Association and made available far timely delivery to the Owner of the Unit to which the license is assigned. Any Stalls remaining unlicensed after all Units have been Initially, voluntarily conveyed may be reserved for handicapped parking or assigned to the Association, The Association may hold, convey and transfer the license- to, rent, or pormit invitee or handicapped parking within a Stall assigned to it,. 3.3.2. Upon and followm' g the initial licensing of a -Stall, ,the use rights with respect to the Stall shall' be deemed to be perpetually licensed by the Association exclusively to the Owner of the • Unit to which the Stall is assigned, subject to the provisions of Section 33.3, The Association shall maintain records identifying the Stalls, the names of the Owners of the Units to which they are licensed and the dates of assignment and any transfer of the license in accordance with the terms of this Section. The Association shall not unilateral) transfer an Stall license y y , except that the license .to a Stall designed and intended to accommodate use by handicapped Owners ( "Handicapped Stall ") may be transferred by the Association to a Unit occupied by a i handicapped Owner if the Owner of the Unit to which such Handicapped Stall is licensed � E is not handica ed and the Association transfers a Stall license to such Owner to replace pp p the Handicapped Stall, being transferred. All other transfers of Stall licenses shall �e made only in accordance with Section 3.3.3, 3.3.3. .A ,Stall license shall remain with the Owner and the Unit to which it is assigned imfil the license is transferred in accordance with this Section. Subject to � Section 3.3.2, a Stall license may be transferred, but only by first delivering to the . Association• (i) •a. written transfer certificate, xn forte approved by' the Association, signed I by the transferor and transferee, and (ii) all prior license certificates, and copies thereof, issued with respect to the Stall. The .Association shall review the proposed transfer certificate for compliance Wfih this Section 3.3, and if the transfer complies, the # transfer the lice on its record the 'nit a th .Assoc�atxon shall tra use s to caned by e transferee. In the absence of .a properly. executed transfer certificate to the contrary, a Stall license assigned to the Owner of a Unit at. the time of the Units conveyance shall be � automatically transferred to the new Owner with the conveyance oftitlo to the Unit$ � 3.3:4. Owners may rent or alloy the Ilse of their licensed Stall- to or by other Owners and Occupants, except as limited by the Board in writif g, The lease or other use right shall be in written form, and shall terminate when the lessor, lessee or other user is no longer an Owner or Occupant, regardless of the terms of any agreement to the contrary, The Owner shalt give the Association advance written notice of any lease or t use agreement with respect to such Owner's Stall, and shall provide a copy of the lease or � use agreement to the Ass oclation.upon its request', • The Association may hold, convey � and transfer the Ilcense - ta, rent, or permit guest or handicap paring within a Stall E i assigned to 'it, r M1'LS -Ward 20218Q.3 7 E ,