§ 81-414. Implied warranties of quality.
§ 81-414. Implied warranties of quality. (a) A declarant and any dealer warrants that a unit, other than a unit not yet constructed or under construction at the time of contracting, will be in at least as good condition at the earlier of the time of the conveyance or delivery of possession as it was […]
§ 81-415. Exclusion or modification of implied warranties of quality.
§ 81-415. Exclusion or modification of implied warranties of quality. (a) Except as limited by subsection (b) of this section with respect to a purchaser of a unit that may be used for residential use, implied warranties of quality: (1) May be excluded or modified by agreement of the parties; and (2) Are excluded by […]
§ 81-416. Statute of limitations for warranties.
§ 81-416. Statute of limitations for warranties. (a) Unless a period of limitation is tolled under § 81-311 of this title or affected by subsection (d) of this section, a judicial proceeding for breach of any obligation arising under § 81-413 or § 81-414 of this title must be commenced within the applicable periods of […]
§ 81-417. Effect of violations on rights of action; attorneys’ fees.
§ 81-417. Effect of violations on rights of action; attorneys’ fees. (a) If a declarant or any other person subject to this chapter fails to comply with any of its provisions or any provision of the declaration or bylaws, any person or class of persons adversely affected by the failure to comply has a claim […]
§ 81-418. Labeling of promotional material.
§ 81-418. Labeling of promotional material. No promotional material may be displayed or delivered to prospective purchasers which describes or portrays an improvement that is not in existence unless the description or portrayal of the improvement in the promotional material is conspicuously labeled or identified either as “MUST BE BUILT” or as “NEED NOT BE […]
§ 81-419. Declarant’s obligation to complete and restore.
§ 81-419. Declarant’s obligation to complete and restore. (a) Except for improvements labeled “NEED NOT BE BUILT,” the declarant shall complete all improvements depicted on any site plan or other graphic representation, including any plats or plans prepared pursuant to § 81-209 of this title, whether or not that site plan or other graphic representation […]
§ 81-420. Substantial completion of units.
§ 81-420. Substantial completion of units. In the case of a sale of a unit for which delivery of a public offering statement is required, a contract of sale may be executed, but no interest in that unit may be conveyed, until the declaration is recorded and the unit is substantially completed, as evidenced by […]
§ 81-421. Amendment to public offering statement.
§ 81-421. Amendment to public offering statement. Following execution of a contract of sale by a purchaser, the declarant may not amend any required public offering statement without the approval of such purchaser if the amendment would materially affect the rights of such purchaser. Approval by such purchaser is not required if the amendment is […]
§ 81-410. Escrow of deposits.
§ 81-410. Escrow of deposits. Any deposit made in connection with the purchase or reservation of a unit from a person required to deliver a public offering statement pursuant to § 81-402(c) of this title must be placed in escrow and held either in this State or in an account designated solely for that purpose […]
§ 81-411. Release of liens.
§ 81-411. Release of liens. (a) In the case of a sale of a unit where delivery of a public offering statement is required pursuant to § 81-402(c) of this title, a seller (1) Shall have the subject property released from all liens, except liens on real estate that a declarant has the right to […]