Unpaid assessments; grantee and grantor jointly and severally
liable
Sec. 2. (a) Except as provided in subsection (b), in a voluntary
conveyance, the grantee of a condominium unit is jointly and
severally liable with the grantor for all unpaid assessments against
the grantor for the grantor's share of the common expenses incurred
before the grant or conveyance, without prejudice to the grantee's
right to recover from the grantor the amounts of common expenses
paid by the grantee.
(b) The grantee:
(1) is entitled to a statement from the manager or board of
directors setting forth the amount of the unpaid assessments
against the grantor; and
(2) is not liable for, nor shall the condominium unit conveyed
be subject to a lien for, any unpaid assessments against the
grantor in excess of the amount set forth in the statement.
As added by P.L.2-2002, SEC.10.
Last modified: May 24, 2006