Chapter 19. Condominiums. 2. A photocopy of the recorded declaration of condominium of every condominium operated by the association and every modification to each declaration. 718.402 Conversion of current improvements to condominium. Criminals use actual estate to ‘clean’ the cash they make from crime by utilizing the proceeds to purchase legitimate assets resembling homes.
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Gathered input to assist information trendy, fair laws to guard condominium homeowners and assist responsible governance of condo communities. The 2014 amendment by D.C. Law 20-109 added along with any applicable curiosity, late fees, reasonable bills and legal fees actually incurred, prices of collection and some other cheap amounts payable by a unit owner under the condominium devices†within the introductory language of (a); added or recordation of a memorandum of lien in opposition to the title to the unit by the unit house owners’ affiliation†in (a)(2); in (c)(1), deleted until the condominium instruments provide otherwise†from the end of the first sentence, and added the second sentence; rewrote (c)(three); and substituted for affordable prices and attorneys’ fees actually incurred by the unit owners’ affiliation†for for prices and attorneys’ fees†in (f).
60 The Registrar shall establish and maintain in respect of every registration district talked about in Schedule A†to those regulations a listing of Condominium Firms, such listing to be in such kind because the Registrar might decide. This requirement does not apply if there is no such thing as a condominium property for posting notices.
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Nevertheless, with at the moment’s urbanization, the dynamics of an excellent house†has changed considerably as a wide range of size, model, structure, and type at the moment are provided by several residential builders by way of apartments, townhouses, home and plenty, and condominiums.
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718.109 Legal description of condominium parcels.—Following the recording of the declaration, a description of a condominium parcel by the number or different designation by which the unit is identified in the declaration, along with the recording knowledge figuring out the declaration, shall be a enough legal description for all functions.