58-3711. Same; effect of conveyances.

58-3711

Chapter 58.--PERSONAL AND REAL PROPERTY
Part 6.--MISCELLANEOUS PROVISIONS
Article 37.--TOWNHOUSE OWNERSHIP ACT

      58-3711.   Same; effect of conveyances.In a voluntary conveyance, the grantee of a townhouse unit shall bejointly and severally liable with the grantor for all unpaid assessmentsagainst the latter for his or her share of the common expenses up to thetime of the grantor conveyance, without prejudice to the grantee's right torecover from the grantor the amounts paid by the grantee therefor. However,any such grantee shall be entitled to a statement from the board ofdirectors of the association setting forth the amount of the unpaidassessments against the grantor, and such grantee shall not be liable fornor shall the townhouse unit conveyed be subject to a lien for any unpaidassessments against the grantor in excess of the amount therein set forth.

      History:   L. 1975, ch. 291, § 11; July 1.