It is That DIY Get together time! 3. To the extent the cost of repair or reconstruction for which the unit proprietor is responsible under this paragraph is reimbursed to the affiliation by insurance coverage proceeds, and the affiliation has collected the cost of such restore or reconstruction from the unit proprietor, the affiliation shall reimburse the unit proprietor with out the waiver of any rights of subrogation.
46. (1) All charges, actual property taxes, assessments, prices and taxes which can be levied or imposed by a physique or authority under an Act upon the proprietor or occupier of, or in respect of property which has been subdivided into separate units with common parts under this Act, shall, from the date of registration of a declaration below this Act and in the course of the time the property is topic to this Act, be levied and imposed upon the proprietor or occupier of or in respect of a unit in the property.
No provision of the condominium devices shall be construed to be binding upon or obligate the developer to exercise his option to make additions, and the land legally described therein shall not be bound thereby, except in the case of any covenant, restriction, limitation, or different representation or dedication within the condominium devices, or in every other settlement made with, or by, the developer, requiring the developer so as to add all or any portion of the extra land, or imposing any obligation with regard to something that is or is to not be executed thereon or with regard thereto, or imposing any obligations with regard to anything that’s or is to not be accomplished on or with regard to the property or any portion thereof, this Part shall not be construed to nullify, limit, or in any other case affect any such obligation.
2. When the association or unit house owners have deposited funds into the registry of the court docket pursuant to this subsection and the unit owners and affiliation have otherwise complied with their obligations under the lease or agreement, aside from paying rent into the registry of the court docket rather than to the lessor, the lessor can not maintain the association or unit homeowners in default on their rental funds nor may the lessor file liens or provoke foreclosure proceedings against unit homeowners.
For instance, the certificate contains items like the names and addresses of the property manager and the officers of the condominium company, the monetary standing of the company, the reserve fund steadiness, whether any major capital expenditures or increases in charges are planned and if there are any lawsuits pending towards the condominium company.