33 §1604-115. Statute of limitations for warranties
§1604-115. Statute of limitations for warranties (a) A judicial proceeding for breach of any obligation arising under section 1604‑112 or 1604‑113 must be commenced within 6 years after the cause of action accrues, but the parties may agree to reduce the period of limitation to not less than 2 years. With respect to a unit […]
33 §1604-116. Effect of violations on rights of action
§1604-116. Effect of violations on rights of action If a declarant or any other person subject to this Act fails to comply with any provision hereof or any provision of the declaration or bylaws, any person or class of persons adversely affected by that failure has a claim for appropriate relief. [PL 1981, c. […]
33 §1604-117. Labeling of promotional material
§1604-117. 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 may be displayed or delivered to prospective […]
33 §1604-118. Declarant’s obligation to complete and restore
§1604-118. Declarant’s obligation to complete and restore (a) The declarant shall complete all improvements labeled “MUST BE BUILT” on plats or plans prepared pursuant to section 1602‑109. [PL 1981, c. 699 (NEW).] (b) The declarant is subject to liability for the prompt repair and restoration, to a condition compatible with the remainder of the […]
33 §1604-109. Escrow of deposits
§1604-109. 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 section 1604‑102, subsection (c) shall be placed in escrow by declarant and held either in this State or in the state where the unit is located […]
33 §1604-110. Release of liens
§1604-110. Release of liens In the case of a sale of a unit where delivery of a public offering statement is required pursuant to section 1604‑102, subsection (c), a seller shall, before or simultaneously with conveying a unit, record or furnish to the purchaser releases of all liens affecting that unit and its common element […]
33 §1603-115. Assessments for common expenses
§1603-115. Assessments for common expenses (a) Until the association makes a common expense assessment, the declarant shall pay all the common expenses. After any assessment has been made by the association, assessments thereafter must be made at least annually, based on a budget adopted at least annually by the association. [PL 1981, c. 699 […]
33 §1604-111. Conversion buildings
§1604-111. Conversion buildings (a) A declarant of a condominium containing conversion buildings, and any person in the business of selling real estate for his own account who intends to offer units in such a condominium shall give each of the residential tenants and any residential subtenant in possession of a portion of a conversion building […]
33 §1603-115-A. Optional escrow of assessments
§1603-115-A. Optional escrow of assessments (a) The association may require that a person who purchases a unit after October 1, 2009 make payments into an escrow account established by the association until the balance in the escrow account for that unit is equal to 6 months of assessments as established under section 1603‑115. [PL […]
33 §1604-112. Express warranties of quality
§1604-112. Express warranties of quality (a) Express warranties made by any seller to a purchaser of a unit, if relied upon by the purchaser, are only created as follows: (1) Any written affirmation of fact or promise which relates to the unit, its use, or rights appurtenant thereto, area improvements to the condominiums that […]