§ 33-1255 – Assessments for common expenses; applicability
33-1255. Assessments for common expenses; applicability A. Until the association makes a common expense assessment, the declarant shall pay all common expenses. After any assessment has been made by the association, assessments shall be made at least annually, based on a budget adopted at least annually by the association. B. Except for assessments under subsections […]
§ 33-1256 – Lien for assessments; priority; mechanics’ and materialmen’s liens; notice; applicability
33-1256. Lien for assessments; priority; mechanics’ and materialmen’s liens; notice; applicability A. The association has a lien on a unit for any assessment levied against that unit from the time the assessment becomes due. The association’s lien for assessments, for charges for late payment of those assessments, for reasonable collection fees and for reasonable attorney […]
§ 33-1257 – Other liens affecting the condominium
33-1257. Other liens affecting the condominium A. Except as provided in subsection B of this section, a legally recorded judgment for money against the association is not a lien on the common elements but is a lien in favor of the judgment lienholder against all of the units in the condominium at the time the […]
§ 33-1258 – Association financial and other records; applicability
33-1258. Association financial and other records; applicability A. Except as provided in subsection B of this section, all financial and other records of the association shall be made reasonably available for examination by any member or any person designated by the member in writing as the member’s representative. The association shall not charge a member […]
§ 33-1259 – Association as trustee
33-1259. Association as trustee With respect to a third person dealing with the association in the association’s capacity as a trustee, the existence of trust powers and their proper exercise by the association may be assumed without inquiry. A third person is not bound to inquire whether the association has power to act as trustee […]
§ 33-1260 – Resale of units; information required; fees; civil penalty; applicability; definition
33-1260. Resale of units; information required; fees; civil penalty; applicability; definition A. For condominiums with fewer than fifty units, a unit owner shall mail or deliver to a purchaser or a purchaser’s authorized agent within ten days after receipt of a written notice of a pending sale of the unit, and for condominiums with fifty […]
§ 33-1260.01 – Rental property; unit owner and agent information; fee; disclosure
33-1260.01. Rental property; unit owner and agent information; fee; disclosure A. A unit owner may use the unit owner’s unit as a rental property unless prohibited in the declaration and shall use it in accordance with the declaration’s rental time period restrictions. B. A unit owner may designate in writing a third party to act […]
§ 33-1261 – Flag display; for sale, rent or lease signs; political signs; political and community activities; applicability; definitions
33-1261. Flag display; for sale, rent or lease signs; political signs; political and community activities; applicability; definitions A. Notwithstanding any provision in the condominium documents, an association shall not prohibit the outdoor display of any of the following: 1. The American flag or an official or replica of a flag of the uniformed services of […]
§ 33-1250 – Voting; proxies; absentee ballots; applicability; definition
33-1250. Voting; proxies; absentee ballots; applicability; definition A. If only one of the multiple owners of a unit is present at a meeting of the association, the owner is entitled to cast all the votes allocated to that unit. If more than one of the multiple owners are present, the votes allocated to that unit […]
§ 33-1251 – Tort and contract liability
33-1251. Tort and contract liability A. An action alleging a wrong done by the association shall be brought against the association and not against any unit owner. B. A statute of limitation affecting any right of action of the association against the declarant is tolled until the period of declarant control terminates. C. A unit […]