Section 47-7D-17 – Effect of violations on rights of action; attorney’s fees.
If a declarant or any other person subject to the Condominium Act fails to comply with any provision of that act or any provision of the declaration or bylaws, any person or class of persons adversely affected by the failure to comply has a claim for appropriate relief. The court, in an appropriate case, may […]
Section 47-7D-18 – Labeling of promotional material.
If any improvement contemplated in a condominium is labeled “NEED NOT BE BUILT” on a plat or plan or is to be located within a portion of the condominium with respect to which the declarant has reserved a development right, no promotional material shall be displayed or delivered to prospective purchasers which describes or portrays […]
Section 47-7D-1 – Requirement for disclosure statement.
A. Except as provided in Subsection B of this section, Sections 53 through 72 of the Condominium Act apply to all units restricted to residential use subject to that act [47-7A-1 through 47-7D-20 NMSA 1978]. B. Neither a disclosure statement nor a resale certificate need be prepared or delivered in the case of: (1) a […]
Section 47-7D-2 – Liability for disclosure statement requirements.
A. Except as provided in Subsection B of this section, prior to the offering of any interest in a unit to the public, a declarant shall prepare a disclosure statement conforming to the requirements of Sections 55 through 58 [47-7D-3 to 47-7D-6 NMSA 1978] of the Condominium Act. B. A declarant may transfer responsibility for […]
Section 47-7D-3 – Disclosure statement; general provisions.
A. Except as provided in Subsection B of this section, a disclosure statement must contain or fully and accurately disclose: (1) the name and principal address of the declarant and of the condominium; (2) a general description of the condominium, including to the extent possible the types, number and declarant’s schedule of commencement and completion […]
Section 47-7D-4 – Condominiums subject to development rights.
If the declaration provides that a condominium is subject to any development rights, the disclosure statement shall disclose, in addition to the information required by Section 55 [47-7D-3 NMSA 1978] of the Condominium Act: A. the maximum number of units and the maximum number of units per acre that may be created; B. a statement […]