New Rules and Regulations are only applied to existing units if existing restrictions defer to the Rules and Regulations.
12.A. The status quo.
12.B. Includes 12.A plus specify that the Rules and Regulations adopted at the time of resale will govern the sale of a restricted unit unless otherwise stated in the special restriction.
12.C. Includes 12.A plus new restrictions will be recorded at resale, unless the standard restriction is already in place. The standard restriction will refer to the Rules and Regulations where appropriate.
12.D. Includes 12.A plus for rental units, establish that the Rules and Regulations in effect at the time the rental agreement is entered will apply.
12.E. Some combination of B, C, and D.
Place new restrictions on units at resale. The standard restriction and/or lease agreement will refer to the Rules and Regulations where appropriate (Alternative 12.E).