More From This User
Salem Square Owner Information Packet Revised March 26, 2012
Salem Square Owner Information Packet Revised March 26, 2012
Rules and Regulations - May 7, 2012
Rules and Regulations - May 7, 2012
m0l92lPs050e
NOTICE OFPROPERTYRESTRICTIONTIIIS NOTICEOFPROPERTYRESTRICTION"Restriction') s madeandenteredntoasof theIAdayofSr,rl-z}Oz,by SalemSquareCondominiumouncilof Co-Owners,with amailingaddressf521ZornAvenue,ouisville,Kentucky40206the"Council").WHEREAS,the Councilntends oimposecertaineasing estrictionson thepropertycommonlynownasSalemSquareCondominiums,ocatedn Jefferson ounty,Kentuckyandmoreparticularly escribednExhibitA attachederetotheProperty'');andWHEREAS,onMay20,20Q2,ta dulycalledandproperlynoticedannualmeeting f theCouncil,heCounciladoptednamendmento theByJawsof SalemSquareCondominium.NCW,THEREFORE.lreCounciltates sollows:l.Atthe annualmeetingftheCouncilheldonMay20,2002,theollowingamendmenttotheBylawsofSalemSquareCondominiumasproperlyadoptedndapproved:{Theastparagraph fArticleV, Seotion.8ftheCouncil'sylawsshallbe deletednd'replacedn its entiretywiththefollowing:An Ownerofa(JnitmayNOTease aid Unitto arry hirdparty. If aUnits beingleasedoa tenantasof thedatethis Bylawisadoptedandthe Boordhas receivedafullyexecutedopyofsuchease, henheoregoingprohibition againsteasingsiallnotapplytosuch(Jnitunlessanduntilit is transferredor conveyedbydeed,operationof laworothenrise)o a successorOwner.Followingany suchrcntsferor conveyance,henew Ownershallnotleasesaid Unittoanythirdparty.TheIeasingrohibitionsin thisparagraphshall notapplyto a Mortgageenpossessionof a(Initas aresultofforeclo,sure,udicialsaleoraproceedingin lieuofjorecloxtre,nor shallthisparagraphaffecttheetpressights ofmortgageess ofthedateofits adoPtiott.ll/ithrespectothose(Jnitsthatmaybeleasednaccordnncewith thepreviousparagraph,(i)afuliyexecutedcopyofsarcieaseor renewalthereolshaiibe-deliveredtotheBoardwithinten(10)daysofexecution;ii)anysucheasehallbeconsistentwiththeprovistonsoftheMasterDeed,heseBy-LcIws,s thesamemaybeamendedromtimetotime,andwiththe rulesandregulationsoftheCondominiumasmaybepromulgatedfromtime totime;and(iii)the Boardshallhavehepowerto terminateucheaseand/oro bringsuntmaryroceedings oevictthetenantnthenctmeofthe LandJordhereundern the eventofa defaultbythetenantntheperformanceof suchease'
of 00
Salem Square - Notice of Property Restriction
162 Reads
Info and Rating
| Category: | Uncategorized. |
| Rating: | |
| Upload Date: | 07/11/2009 |
| Copyright: | Attribution Non-commercial |
| Tags: |
Leave a Comment