Common use of Assignment of Unit Clause in Contracts

Assignment of Unit. Notwithstanding anything to the contrary contained in the By Laws, the Unit owner accepts sole responsibility for the work and costs in connection with the maintenance, repair, restoration, or replacement of any portions of the Unit affected by the work, and acknowledges that such responsibility shall pass to any successor-in-interest to the Unit owner in the Unit. If, after making any alterations or installing any equipment referred to herein, the Unit owner shall seek to transfer the common interest allocated to the Unit, as a condition prior thereto, the Unit owner shall provide the Condominium with an agreement, in a form to be provided by the Condominium, by that Unit owner’s transferee is to assume all the Unit owner obligations hereunder, including the Unit owner’s continuing obligations and understandings expressed herein.

Assignment of Unit. Notwithstanding anything to the contrary contained in the By Laws, the Unit owner accepts sole responsibility for the work and costs in connection with the maintenance, repair, restoration, or replacement of any portions of the Unit affected by the work, and acknowledges that such responsibility shall pass to any successor-in-interest to the Unit owner in the Unit. If, after making any alterations or installing any equipment referred to herein, the Unit owner shall seek to transfer the common interest allocated to the Unit, as a condition prior thereto, the Unit owner shall provide the Condominium with an agreement, substantially in a the form to be provided by the Condominiumattached as Exhibit E, by that Unit owner’s transferee is to assume all the Unit owner obligations hereunder, including the Unit owner’s continuing obligations and understandings expressed herein.