§ 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 […]
§ 81-407. Common interest community securities.
§ 81-407. Common interest community securities. If an interest in a common interest community is currently registered with the Securities and Exchange Commission of the United States, a declarant satisfies all requirements relating to the preparation of a public offering statement of this chapter if the declarant delivers to the purchaser a copy of the […]
§ 81-317. Other liens.
§ 81-317. Other liens. (a) In a condominium or planned community: (1) Except as provided in paragraph (a)(2) of this section, a judgment for money against the association if recorded or docketed, is not a lien on the common elements, but is a lien in favor of the judgment lien holder only against all units […]
§ 81-408. Purchaser’s right to cancel.
§ 81-408. Purchaser’s right to cancel. (a) A person required to deliver a public offering statement pursuant to § 81-402(c) of this title shall provide a purchaser with a copy of the public offering statement and all amendments thereto before conveyance of the unit, and not later than the date of any contract of sale. […]
§ 81-318. Association records.
§ 81-318. Association records. (a) The association shall maintain the following records in written form or in another form capable of conversion into written form within a reasonable time: (1) Detailed records of receipts and expenditures affecting the operation and administration of the association and other appropriate accounting records, including those for the repair and […]
§ 81-409. Resales of units.
§ 81-409. Resales of units. (a) Except in the case of a sale in which delivery of a public offering statement is required, or unless exempt under § 81-401(b) of this title, a unit owner shall furnish to a purchaser not later than the time of the signing of the contract to purchase, a copy […]