Title 27A, Title 27A: Uniform Common Interest Ownership Act (1994)

§ 4-105. Time shares If the declaration provides that ownership or occupancy of any unit is or may be in time shares, the public offering statement shall disclose in addition to the information required by section 4-103 of this title: (1) the number and identity of units in which…

§ 4-106. Conversion buildings (a) The public offering statement of a common interest community containing any conversion building that may be occupied for residential use shall contain, in addition to the information required by section 4-103 of this title: (1) a statement by the…

§ 4-107. Common interest community securities If an interest in a common interest community is currently registered with the Securities and Exchange Commission of the United States, a declarant satisfies all requirements relating to the preparation of a public offering statement …

§ 4-109. Resales of units (a) Except in the case of a sale where delivery of a public offering statement is required or is exempt under subsection 4-101(b) of this title, a unit owner shall furnish to a purchaser before the conveyance or transfer of the right of possession of a u…

§ 4-110. Escrow of deposits (a) Except as provided in subsection (b) of this section, any deposit made in connection with the purchase or reservation of a unit from a person required to deliver a public offering statement pursuant to subsection 4-102(c) of this title shall be pla…

§ 4-111. Release of liens (a) In the case of a sale of a unit where delivery of a public offering statement is required pursuant to subsection 4-102(c) of this title, before conveying a unit, a seller shall: (1) record or furnish to the purchaser releases of all liens, except lie…

§ 4-113. Express warranties of quality (a) Express warranties made by a declarant to a purchaser of a unit are created as follows: (1) Any affirmation of fact or promise that relates to the unit, its use or rights appurtenant to it, area improvements to the common interest commun…

§ 4-114. Implied warranties of quality (a) A declarant and any dealer warrant that a unit will be in at least as good condition at the time of the conveyance or delivery of possession, whichever is earlier, as it was at the time of contracting, reasonable wear and tear excepted. …

§ 4-115. Exclusion or modification of implied warranties of quality (a) Except as limited by subsection (b) of this section, with respect to a purchaser of a unit that may be used for residential use, implied warranties of quality: (1) may be excluded or modified by agreement of …

§ 4-116. Statute of limitations for warranties (a) Unless a period of limitation is tolled under section 3-111 of this title or affected by subsection (d) of this section, a judicial proceeding for breach of any obligation arising under section 4-113 or 4-114 of this title shall …

§ 4-117. Effect of violations on rights of action (a) A declarant, association, unit owner, or any other person subject to this title may bring an action to enforce a right granted or obligation imposed by this title, the declaration, or the bylaws. The court may award reasonable…

§ 4-118. Labeling of promotional material No promotional material may be displayed or delivered to prospective purchasers that describes an improvement that is not in existence unless the description of the improvement in the promotional material is conspicuously labeled or ident…

§ 4-119. Declarant’s obligation to complete and restore (a) Unless an improvement is labeled “need not be built,” the declarant shall complete all improvements depicted on any site plan or other graphic representation if the site plan or other graphic representation is contained …

§ 4-120. Substantial completion of units If delivery of a public offering statement is required for the sale of a unit, a contract of sale may be executed, but interest in that unit shall be conveyed only after the declaration is recorded and the unit is substantially completed, …