House Vs Condo
To unit owners, the remaining condominium property, topic to satisfaction of liens on every unit of their order of precedence, in shares specified in the plan of termination, unless objected to by a unit owner or a lienor as supplied in paragraph . The provisions of this subsection are supposed to clarify existing legislation, and shall not be obtainable in any case where the unpaid assessments sought to be recovered by the association are secured by a lien recorded previous to the recording of the mortgage. Notwithstanding the provisions of chapter 48, the affiliation shall be a correct get together to intervene in any foreclosures continuing to hunt equitable aid. A unit owner could provide written notice to the division of the association’s failure to mail or hand ship him or her a replica of the most recent monetary report within 5 enterprise days after he or she submitted a written request to the association for a copy of such report. An association that fails to conform with the division’s request could not waive the financial reporting requirement offered in paragraph for the fiscal 12 months during which the unit owner’s request was made and the following fiscal yr. A …