Thank you for advising us that you wish to sell your unit. The following is the procedure to be followed:

Transcription

1 DATE: NAME: WOODS 111 IN WESTCHESTER CONDOMINIUM I UNIT # Thank you for advising us that you wish to sell your unit. The following is the procedure to be followed: 1 Please send us a copy of the Contract and Certificate of Occupancy, together with a check for $ payable to Woods III in Westchester Condo I, and a check for $ payable to Stillman Management, Inc. 2 Have the purchaser complete the enclosed application, as well as the "Power of Attorney". Please forward to our office a copy of the signed Power of Attorney together with the purchase application, Contract of Sale and two checks. Upon receipt of all of the above, we will have the appropriate party sign a "Wavier of Right of First Refusal" and mail it to you or your attorney that you can proceed with the sale. In the event that the condominium Association chooses not to waive the "Right of First Refusal", we will return your checks and advise you immediately. Very truly yours, Stillman Management, Inc. Encls.

2 August 13, 1999 WAIVER OF RIGHT OF FIRST REFUSAL The following is the rule regarding the sale or leasing of units. In accordance with the procedure addressed in our declaration document, there is a specific time frame that must be followed for either leasing or selling of units. That procedure is as follows: Any Unit Owner shall, before accepting any offer to purchase or lease his Unit, deliver to the Board of Managers written notice containing the terms of the offer he has received and wishes to accept, including a copy of the offer, the proposed lease, if applicable, and the name and address of the person(s) to whom the proposed sale, lease or transfer is to be made. The Unit Owner shall provide such other information as may be reasonable request by the Board of Managers within then (10) days from the Board s receipt of such notice from the Unit Owner. Also stated is: The Board of Managers shall have fourteen (14) days...to sign an agreement to buy or lease upon the same terms specified in the Unit Owners notice. It is unacceptable for Unit Owners to assume that Waiver of Right of First Refusal will be signed within a two or three day period. The Board cannot accommodate these requests. The Board has fourteen (14) days to sign the Waiver. Unit Owners must make arrangement to get the proper documentation to Stillman Management in sufficient time for the Board to review and approve the sale or lease according to the above. Thank you for the cooperation on the above.

3 NOTICE OF SELLING UNIT OWNERS TO: RE: THE WOODS 111 IN WESTCHESTER, CONDOMINIUM 1 PREMISES: Stillman Management, Inc. may, for various reasons, need to contact you following your departure from The Woods 111 in Westchester,Condominium l. In this regard, will you kindly provide the following information: New Address: Telephone Number: Social Security Number: Attorney s Name: Attorney s Address: Attorney s Telephone Number:

4 WOODS III in Westchester Condo I c/o Stillman Management Inc. 440 Mamaroneck Avenue Suite S-512 Harrison, NY Tel. (914) Fax (914) PURCHASE APPLICATION Name of Owner(s) Unit: Address: Current common charges $ Estimated Closing Date: Price: Name of purchaser: SS# Address: Name of co-applicant: SS# Address: Name of all persons who would be occupying unit: Name and address of present landlord: Broker s name, address and phone: Purchaser s attorney name, address and phone: Seller s attorney name, address and phone: PURCHASER EMPLOYMENT/PLACE OF BUSINESS SPOUSE OR CO-APPLICANT S EMPLOYMENT Company Name Company Name Address Telephone Address Telephone Nature of Business Nature of Business Position Position Length of employment Length of employment Annual income Annual income

5 Applicant s Bank (address and telephone): Financing (if any) amount: Bank: Business References: Social References: Purchaser s Signature: Date: Purchaser s Signature: Date:

6 HOUSE RULES WOODS III IN WESTCHESTER CONDO I WE HAVE READ THE HOUSE RULES OF WOODS III IN WESTCHESTER IN CONDO I AND AGREE TO ABIDE BY ALL THE TERMS AND CONDITIONS LISTED WITHIN. PROSPECTIVE PURCHASER SIGNATURE PROSPECTIVE PURCHASER SIGNATURE UNIT NUMBER

7 RIDER TO ALL APPLICATIONS WOODS III IN WESTCHESTER CONDO 1 PURCHASE APPLICATION 1. I/we expressly acknowledge and agree that only pets under 30 lbs. be permitted to be harbored in the premises. 2. Carbon Monoxide detectors are to be installed in the unit. PURCHASER DATE PURCHASER DATE

8 Please be advised that the Power of Attorney is included in this application as a courtesy and it is also in the Offering Plan, you will need to keep a copy for the closing. Please provide the following information with your application in order to send the information regarding the Right of First Refusal for closing: Seller s Attorney Name: Phone Number: Fax Number: Buyer s Attorney Name: Phone Number: Fax Number:

9 RESIDENTIAL UNIT POWER OF ATTORNEY PREMISES: SECTION: BLOCK: LOT: COUNTY: RECORD AND RETURN TO: Stillman Management 440 Mamaroneck Avenue Suite S-512 Harrison, NY Attention: Rita Pita

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