In any foreclosure suit against a unit, the unit owner shall be required to pay a reasonable rental for the unit, if so provided in the bylaws, and the plaintiff in such foreclosure shall be entitled to the appointment of a receiver to collect the rent. The board of directors, acting on behalf of the unit owners, shall have power, unless prohibited by the declaration, to bid in the unit at the foreclosure sale, and to acquire and hold, lease, mortgage and convey the same. [Formerly 94.202]
Section: Previous 100.427 100.428 100.430 100.435 100.440 100.445 100.450 100.460 100.465 100.470 100.475 100.480 100.485 100.490 100.505 NextLast modified: August 7, 2008