Lawzonline.com

 

 

 


 Home>>Bare Acts>>Back to Index

 

 

23.Joint and several liability of vendor, etc., for unpaid common expenses.- (1) Upon the sale, bequest or other transfer of an apartment, the purchaser of the apartment or the grantee or legatee or the transferee, as the case may be, shall be jointly and severally liable with the vendor or the transferer for all unpaid assessments against the vendor or transferer for his share of the common expenses up to the time of the sale, bequest or other transfer, without prejudice to the right of the purchaser, grantee, legatee or transferee to recover from the vendor or the transferer any amount paid by the purchaser, grantee, legatee or transferee thereof.

(2) Any purchaser, grantee, legatee or transferee referred to in subsection (1) shall be entitled to a statement from the Board or Manager setting forth the amount of the unpaid assessment against the vendor or transferer, as the case may be, and such purchaser, grant, legatee or transferees hall not be liable for, nor shall the apartment be sold subject to a charge for any unpaid share of common expenses against such apartment accursed prior to such sale, bequests or other transfer, in excess of the amount set forth in the statement.

 

 

 

 

Central Bare Acts
State Bare Acts

  

 

 

 


Home | Law Dictionary | Law Schools | Law Digest | Bare Acts | Disclaimer |  Privacy Policy


  
  
 

 

 

Copy right : Indu Info (All rights reserved)