TEL3 Master Deed (14 of 16)
Section 10. Notice of Lien or Suit.
(a) A unit owner shall give written notice to the Condominium Corporation of every lien upon his unit (other than liens in favor of the Condominium Corporation). within five (5) days after the attaching of the lien.
(b) Written notice shall be given by a unit owner to the Condominium Corporation of every suit or other proceeding which may affect the title to his unit, within five (5) days after the unit owner receives summons or has knowledge thereof.
Section 11. Lease; Mortgaqe. A unit owner shall be free to lease or mortgage his unit to any party, provided notice thereof, with such particulars as the Condominium Corporation may reasonably require. is given to the Condominium Corporation within five (5) days from effectivity of the lease. Any such lease or mortgage shall not free the unit owner from compliance with his obligations as such under the Condominium Act, the Master Deed, this Declaration of Restrictions, the Articles of Incorporation and By-Laws of the Condominium Corporation or the building rules.
In case of lease of any unit and the unit owner is delinquent in the payment of any assessment, including interest or penalties thereon, the Condominium Corporation may require the lessee of such leased unit to remit directly in its favor any and all of the rentals accruing to the delinquent unit owner, which rentals shall be applied as payment first to the interest and the balance to the principal of the delinquent account/s with the Condominium Corporation, until full payment thereof is secured.
Section 12. Common Provision on Lease, Mortgage and Other Encumbrances. Pending full payment of the purchase price, any purchaser of a condominium unit shall not lease. mortgage or encumber his unit or any partition thereof to any other person or entity without prior written consent of the DEVELOPER. Violation of the above conditions shall entitle the DEVELOPER to cancel the contract and forfeit by way of penalty and/or liquidated damages, fifty (50%) percent of all sums paid.
Section 13. Corporation's Right of Access to Units. The Condominium Corporation, through its duly authorized agents, shall have the right of access to each unit to inspect all pipes, wires. ducts, cables, conduits, public utility lines, and other Common Areas located within the unit, to remove violations therefrom and to maintain, repair, or replace such Common Areas as well as Common Areas located elsewhere in the floors of the condominium building. Such right of access shall be exercised during reasonable hours, except in cases of emergency, and with as little inconvenience to the occupant of the unit as possible. Any damage caused thereby shall be repaired by and at the expense of the Condominium Corporation.
Section 14. Procedure and Penalties for Violation of Restrictions and Building Rules. In the event any unit owner, tenant or occupant fails or refuses to comply with any limitation, restriction, covenant, undertaking, or condition herein contained involving an obligation other than the payment of money, or with the building rules, the management body may, in accordance with the By-Laws of the Condominium Corporation, remedy such breach or violation after failure of the unit owner to do so within the period fixed in the notice and assess against the unit owner the expenses incurred by the Condominium Corporation. The Condominium Corporation is also empowered to impose, by way of penalty in case of violation, liquidated damages upon the unit owner in such amount and in the manner prescribed in the By-Laws of the ...
Comments
Post a Comment