Examples of Declarant Rights in a sentence
Wynn, 63 MLR 73 (1979).Transferring Declarant Rights and Obligations Under the Wisconsin Condomin- ium Ownership Act.
Except as set forth in subsection (b) or (c), a special declarant right, as defined in section 515B.1-103(33b), does not run with title and may only be transferred pursuant to a separate transfer instrument, titled a "Transfer of Special Declarant Rights," that both the transferor and the transferee execute.
These Bylaws may be amended by vote of a majority of Board; provided, however, that for so long as any Declarant possesses any Declarant Rights, no amendment shall be made to impair any Declarant Rights without the written consent of Declarant.
Except as otherwise expressly provided herein, this Declaration may be amended only in strict compliance with the Act, including, without limitation, Section 47F-2-117 of the Act, except that no Amendment altering or impairing Special Declarant Rights may be made without the written consent of the Declarant.
Accordingly, before taking title to condominium or townhome units, a bank should weigh the advantages of taking on the Special Declarant Rights against the disadvantage of potential liability.