BY-LAWS
ARTICLE XIX - SALE OF UNITS
In the event that any Unit Owner (other than the Declarant)
shall contract to sell or transfer title to his Unit, he shall notify the Clerk of the
Board of Directors within ten (10) days prior to such sale. The Board of Directors shall
provide the seller with a Certificate complying with New Hampshire Revised statutes
Annotated 356-B: 58, stating that all assessments relating to the subject Unit have been
paid. Such Certificates shall be recorded in the Rockingham County Registry of Deeds.
In the event that such assessments shall not have been paid and the Seller of a Unit
shall not satisfy such amount as of the date of the sale, the Board of Directors shall not
issue the said Certificate provided.
The failure of the seller of any unit to acquire the said certificate shall bind the
purchaser/grantee to pay and satisfy any unpaid assessments of the seller and the Board of
Directors shall have the right to assert all of its remedies against such
purchaser/grantee for any such unpaid assessments.
The failure of any Unit Owner to notify the Board of Directors of any proposed sale or
transfer, whether completed or not, shall result in a fine of Fifty Dollars ($50.00),
which shall constitute a special assessment against that Unit.
