Apartment Vs Condo
Sell at public or private sale or exchange, convey, or otherwise dispose of belongings of the association for an amount deemed to be in the best pursuits of the association, and execute payments of sale and deeds of conveyance within the name of the association. The factual circumstances that present that the plan complies with the requirements of this section and that the plan helps the expressed public insurance policies of this part. It is opposite to the public coverage of this state to require the continued operation of a condominium when to do so constitutes financial waste or when the ability to do so is made unimaginable by legislation or regulation. The legal responsibility of the tenant could not exceed the quantity due from the tenant to the tenant’s landlord.
To unit homeowners, the remaining condominium property, subject to satisfaction of liens on every unit of their order of priority, in shares specified in the plan of termination, unless objected to by a unit owner or a lienor as provided in paragraph . The provisions of this subsection are intended to make clear existing law, and shall not be out there in any case where the unpaid assessments sought …