resources / Statutes / Condominiums / §33-1254

Title 33 – Property

Chapter 9 – Condominiums

Article 3 – Management of the Condominium

  • Unless otherwise provided in the declaration, any surplus monies of the association remaining after payment of or provision for common expenses and any prepayment of reserves shall be paid to the unit owners in proportion to their common expense liabilities or credited to them to reduce their future common expense assessments.