Time for some honesty: I didn’t know what the difference between an condominium and a condo was for a very long time. The deposit of the profitable bidder shall be applied to his credit at settlement, or if such bidder fails to finish his buy promptly, the deposit shall be utilized to pay the costs and expenses of the sale, and the stability, if any, shall be retained by the unit owners’ affiliation in reference to that sale.
C. In any motion brought by the unit homeowners’ association underneath § fifty five-79.80:2 for a violation of a flag restriction, the unit owners’ affiliation shall bear the burden of proof that the restrictions as to the scale, place, period, and manner of placement or display of such flag are vital to protect a considerable interest of the unit owners’ association.
However, if the unit owner designates an individual licensed below the provisions of § fifty four.1-2106.1 as the unit proprietor’s approved representative with respect to any lease, the unit house owners’ association shall recognize such illustration with no formal power of attorney, provided that the unit house owners’ affiliation is given a written authorization signed by the unit proprietor designating such representative.
4. Along with the advertisement required by subdivision 5, the unit homeowners’ affiliation shall give written notice of the time, date and place of any proposed sale in execution of the lien, and together with the title, handle and phone variety of the trustee, by private supply or by mail to (i) the current owner of the property to be bought at his final identified tackle as such proprietor and handle appear within the records of the unit homeowners’ association, (ii) any lienholder who holds a observe in opposition to the property secured by a deed of belief recorded no less than 30 days prior to the proposed sale and whose tackle is recorded with the deed of belief, and (iii) any assignee of such a be aware secured by a deed of belief supplied the task and handle of the assignee are likewise recorded a minimum of 30 days prior to the proposed sale.
Failure or refusal to furnish promptly such a press release in such circumstances in accordance with the provisions of the condominium devices shall make all such rights and restraints inapplicable to any disposition of a condominium unit in contemplation of which such assertion was requested.