Transfer Permitted. A homeowner may transfer the homeowner’s owner- ship interest in the unit, subject to the right to purchase under paragraph (i)(2) of this section, the requirement for the purchaser to execute a promissory note, if required under paragraph (i)(3) of this section and the restrictions on retention of sales proceeds in para- graph (k) of this section. An applicant may propose in its application, and HUD may approve, reasonable restric- tions on the resale of units under the program.
Appears in 2 contracts
Sources: Rental Agreement, Rental Agreement