Section 448.4-118 – Labeling of promotional material.
Effective – 28 Aug 1983 448.4-118. 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 shall […]
Section 448.4-119 – Declarant’s obligation to complete and restore.
Effective – 28 Aug 1983 448.4-119. Declarant’s obligation to complete and restore. — 1. The declarant shall complete all improvements labeled “SHALL BE BUILT” on plats or plans prepared pursuant to section 448.2-109. 2. The declarant is subject to liability for the prompt repair and restoration, to a condition compatible with the remainder of the […]
Section 448.4-120 – Substantial completion of units.
Effective – 28 Aug 1983 448.4-120. Substantial completion of units. — In the case of a sale of a unit where delivery of an original sale certificate 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 […]
Section 448.4-117 – Effect of violations on rights of action — attorney’s fees.
Effective – 28 Aug 1983 448.4-117. Effect of violations on rights of action — attorney’s fees. — If a declarant or any other person subject to sections 448.1-101 to 448.4-120 fails to comply with any provision hereof or any provision of the declaration or bylaws, any person or class of persons adversely affected by such […]
Section 448.4-107 – Original sale certificate, condominium securities.
Effective – 28 Aug 1983 448.4-107. Original sale certificate, condominium securities. — If an interest in a condominium is currently registered with the Securities and Exchange Commission of the United States, a declarant satisfies all requirements relating to the preparation of an original sale certificate of sections 448.1-101 to 448.4-120 if he delivers to the […]
Section 448.4-108 – Purchaser’s right to cancel.
Effective – 28 Aug 1983 448.4-108. Purchaser’s right to cancel. — A person required to deliver an original sale certificate pursuant to subsection 3 of section 448.4-102 shall provide a purchaser of a unit with a copy of the original sale certificate and all amendments thereto before conveyance of that unit and not later than […]
Section 448.4-109 – Resales of units.
Effective – 28 Aug 1983 448.4-109. Resales of units. — 1. Except in the case of a sale where delivery of an original sale certificate is required, or unless exempt under subsection 2 of section 448.4-101, a unit owner shall furnish to a purchaser before execution of any contract for sale of a unit, or […]
Section 448.4-110 – Escrow of deposits.
Effective – 28 Aug 1983 448.4-110. Escrow of deposits. — Any deposit made in connection with the purchase or reservation of a unit from a person required to deliver an original sale certificate pursuant to subsection 3 of section 448.4-102 shall be placed in escrow and held either in this state or in the state […]
Section 448.4-111 – Release of liens.
Effective – 28 Aug 1983 448.4-111. Release of liens. — 1. In the case of a sale of a unit where delivery of an original sale certificate is required pursuant to subsection 3 of section 448.4-102, a seller shall, before conveying a unit, record or furnish to the purchaser releases of all liens affecting that […]
Section 448.4-112 – Conversion buildings — low or moderate income elderly tenants and disabled tenants, rights of.
Effective – 28 Aug 1983 448.4-112. Conversion buildings — low or moderate income elderly tenants and disabled tenants, rights of. — 1. 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 […]