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Article (9)<br />
Unless otherwise agreed, Unit Owners and developers will own, in respect of unsold<br />
Units, an undivided interest in the Common Areas in accordance with the proportions<br />
stated in the Master Community Declaration.<br />
For the purposes of this Article, the proportions will be determined on the basis of the<br />
Unit area out of the total area of the Jointly Owned Real Property.<br />
100<br />
Chapter Three<br />
Disposing of Units in a Jointly<br />
Owned Real Property<br />
Article (10)<br />
A Unit Owner may sell or dispose of his Unit by any means of disposition and may<br />
also mortgage his Unit to any bank or financial institution, provided that such disposition<br />
transfers all his rights in the Unit and Common Areas.<br />
Article (11)<br />
A Unit jointly owned by two or more persons may not be sub-divided amongst them<br />
unless approval of the Departm<strong>en</strong>t is obtained.<br />
Article (12)<br />
1. Each co-Owner of a Unit will have a pre-emptive right to buy another co-Owner’s<br />
share offered for sale to a non-Owner. If more than one co-Owner exercises this right,<br />
they will be <strong>en</strong>titled to buy a share proportional to their existing interest in the Unit.<br />
2. This pre-emptive right will not apply in case of sale to spouse, lineal asc<strong>en</strong>dants,<br />
lineal desc<strong>en</strong>dants, brothers or sisters, and their lineal desc<strong>en</strong>dants.<br />
Article (13)<br />
1. A pre-emptive right may not be divided and therefore may only be exercised or<br />
waived in whole. In case of multiple co-Owners, each of them may exercise his pre-
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