Time for some honesty: I didn’t know what the distinction between an condo and a condo was for a very long time. As well as, such statement shall comprise both a notice of the impact of the extension of declarant control on the enforcement of the warranty in opposition to structural defects provided by the declarant in accordance with § 55-seventy nine.seventy nine and a press release that a unit proprietor is advised to train no matter due diligence the unit owner deems mandatory to protect his interest.
(c) If all of a convertible space is transformed into frequent components, including without limitation restricted common parts, then the undivided curiosity within the frequent components appertaining to such space shall thenceforth appertain to the remaining models, being allocated among them in proportion to their undivided pursuits in the common components.
It shall be the duty of the clerk in whose office such appointment is filed to file and index the same as supplied in subsection C, within the names of the persons identified therein in addition to within the name of the unit house owners’ association.
Except as expressly licensed on this chapter, in the condominium instruments, or as in any other case supplied by regulation, no unit homeowners’ association may make an assessment or impose a charge against a unit proprietor except the charge is (i) approved beneath § 55-seventy nine.eighty three , (ii) a fee for services supplied, or (iii) related to the provisions set out in § fifty five-seventy nine.97:1 The Common Curiosity Group Board could assess a financial penalty for a violation of this section in opposition to any (a) unit owners’ association pursuant to § 54.1-2351 or (b) common interest community manager pursuant to § fifty four.1-2349 , and should issue a cease and desist order pursuant to § 54.1-2349 or 54.1-2352 , as applicable.
No director or officer of the unit house owners’ association shall be accountable for failure to perform his fiduciary responsibility if an additional assessment for the funds necessary for the director or officer to perform his fiduciary duty is rescinded by the unit house owners’ association in accordance with this subsection.