§ 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 […]
§ 81-401. Applicability; waiver.
§ 81-401. Applicability; waiver. (a) This subchapter applies to all units subject to this chapter, except as provided in subsection (b) of this section or as modified or waived by agreement of purchasers of units in a nonresidential common interest community or as to units that are restricted to nonresidential use. (b) Neither a public […]
§ 81-402. Liability for public offering statement requirements.
§ 81-402. Liability for public offering statement requirements. (a) Except as provided in subsection (b) of this section, a declarant, before offering any interest in a unit to the public, shall prepare a public offering statement conforming to the requirements of §§ 81-403, 81-404, 81-405, and 81-406 of this title. (b) A declarant may transfer […]
§ 81-403. Public offering statement; general provisions.
§ 81-403. Public offering statement; general provisions. (a) Except as provided in subsection (b) of this section, a public offering statement must contain or fully and accurately disclose: (1) The name and principal address of the declarant and of the common interest community, and a statement that the common interest community is either a condominium, […]
§ 81-404. Common interest communities subject to development right.
§ 81-404. Common interest communities subject to development right. If the declaration provides that a common interest community is subject to any development rights, the public offering statement must disclose, in addition to the information required by § 81-403 of this title: (a) The maximum number of units, and the maximum number of units per […]
§ 81-405. Time shares.
§ 81-405. Time shares. (a) If the declaration provides that ownership or occupancy of any units, is or may be in time shares, the public offering statement shall disclose, in addition to the information required by § 81-403 of this title: (1) The number and identity of units in which time shares may be created; […]
§ 81-315. Assessments for common expenses.
§ 81-315. Assessments for common expenses. (a) (1) Until the association is validly established pursuant to this chapter and makes a common expense assessment, the declarant shall pay all common expenses together, in the case of a condominium or cooperative, with all sums necessary to fully fund the repair and replacement reserve until the association […]
§ 81-406. Common interest communities containing conversion buildings.
§ 81-406. Common interest communities containing conversion buildings. (a) The public offering statement of a common interest community containing any conversion building must contain, in addition to the information required by § 81-403 of this title: (1) A statement by the declarant, based on a report prepared by an independent registered architect or engineer, describing […]
§ 81-316. Lien for assessments.
§ 81-316. Lien for assessments. (a) The association has a statutory lien on a unit for any assessment levied against that unit or fines imposed against its unit owner. Unless the declaration otherwise provides, fees, charges, late charges, fines, and interest charged pursuant to § 81-302(a)(10), (11), and (12) of this title, and any other […]