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Condominiums

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§33-1250 Voting; proxies; absentee ballots; applicability; definition

Title 33 – Property Chapter 9 – Condominiums Article 3 – Management of the Condominium A. If only one of the multiple owners of a unit is present at a meeting of the association, the owner is entitled to cast all the votes allocated to that unit. If more than one of the multiple owners […]

§33-1251 Tort and contract liability

Title 33 – Property Chapter 9 – Condominiums Article 3 – Management of the Condominium A. An action alleging a wrong done by the association shall be brought against the association and not against any unit owner. B. A statute of limitation affecting any right of action of the association against the declarant is tolled […]

§33-1252 Conveyance or encumbrance of common elements

Title 33 – Property Chapter 9 – Condominiums Article 3 – Management of the Condominium A. Portions of the common elements may be conveyed or subjected to a mortgage, deed of trust or security interest by the association if persons entitled to cast at least eighty per cent of the votes in the association, or […]

§33-1252.01 Conveyance of certain real property

Title 33 – Property Chapter 9 – Condominiums Article 3 – Management of the Condominium A. Real property that is held as an asset of the association and that is not held as a common element of the condominium may be conveyed by the association if persons entitled to cast at least eighty per cent […]

§33-1253 Insurance

Title 33 – Property Chapter 9 – Condominiums Article 3 – Management of the Condominium A. Commencing not later than the time of the first conveyance of a unit to a person other than a declarant, the association shall maintain, to the extent reasonably available, both: 1. Property insurance on the common elements insuring against […]

§33-1254 Surplus monies

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 […]

§33-1255 Assessments for common expenses; applicability

Title 33 – Property Chapter 9 – Condominiums Article 3 – Management of the Condominium A. Until the association makes a common expense assessment, the declarant shall pay all common expenses. After any assessment has been made by the association, assessments shall be made at least annually, based on a budget adopted at least annually […]

§33-1257 Other liens affecting the condominium

Title 33 – Property Chapter 9 – Condominiums Article 3 – Management of the Condominium A. Except as provided in subsection B of this section, a legally recorded judgment for money against the association is not a lien on the common elements but is a lien in favor of the judgment lienholder against all of […]

§33-1258 Association financial and other records; applicability

Title 33 – Property Chapter 9 – Condominiums Article 3 – Management of the Condominium A. Except as provided in subsection B of this section, all financial and other records of the association shall be made reasonably available for examination by any member or any person designated by the member in writing as the member’s […]

§33-1259 Association as trustee

Title 33 – Property Chapter 9 – Condominiums Article 3 – Management of the Condominium With respect to a third person dealing with the association in the association’s capacity as a trustee, the existence of trust powers and their proper exercise by the association may be assumed without inquiry. A third person is not bound […]