Is a unit owner who transfers title from an individual capacity to a corporate entity or LLC required to obtain Association approval? The answer is often not simple as the transfer of title does not necessarily result from a sale. There are many different types of title transfers including gifts, devices, transfers between related entities for less than fair market value, transfer to trusts, foreclosures, and others. The devil is always in the details, and it is critical that owners review the specific provisions governing sales, transfers and conveyances of units found in their Association’s governing documents. Read the article………………………….
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