Real estate is booming in Maui – no marvel, with the number of vacationers that flock to this a part of Hawaii every year. In the course of the period of occupancy by the unit owner or his successor in interest, every unit proprietor or his successor in curiosity shall stay responsible for any assessment or other obligation imposed on the unit proprietor by this chapter or the condominium instruments.
There are lots of forms of actual property possession that are much like condominiums but not identical. (3) An announcement of the rights the unit homeowners shall should redeem the reversion or any of the reversions, or a press release that they shall have no such rights.
H. Any unit owner or purchaser of a condominium unit, having executed a contract for the disposition of the same, shall be entitled upon request to a recordable assertion setting forth the amount of unpaid assessments presently levied in opposition to that unit.
(d) In the case of a leasehold condominium, if the expiration or termination of any lease causes a contraction of the condominium which reduces the number of units, then the undivided interest within the frequent components appertaining to any units thereby withdrawn from the condominium shall thenceforth appertain to the remaining items, being allotted amongst them in proportion to their undivided pursuits within the common elements.
Nothing in this subsection shall be construed to make the declarant answerable for any objects of upkeep referring to the items or common components. Chill out in warm type and resort luxury in our spacious beachfront condominiums. A declarant who does not succeed to any special declarant rights shall be liable only to the extent of his actions for claims and obligations arising beneath this chapter or the condominium devices.