The Condominium Property Act sets out the rules for working and managing condominiums in New Brunswick. If a developer-managed association has maintained all insurance coverage protection required by s. 718.111(11)(a), common bills incurred in the course of the stated interval resulting from a natural catastrophe or an act of God occurring through the stated interval, which are not covered by proceeds from insurance maintained by the affiliation, may be assessed against all unit owners proudly owning units on the date of such natural disaster or act of God, and their respective successors and assigns, together with the developer with respect … Read More...
