There’s lots of confusion about the variations between condominiums and townhouses. D. However the provisions of subsection A and B, a time-share interest in a unit which has been subjected to a time-share instrument pursuant to § 55-367 could also be conveyed prior to substantial completion of that unit if (i) a completion bond has been filed in compliance with subsection B of § fifty five-79.fifty eight:1 and stays in full force and impact until the unit is licensed as substantially full in accordance with subsections A and B and (ii) the settlement agent or title insurance firm insuring the time-share property in the unit certifies to the purchaser in writing, based on info supplied by the Widespread Curiosity Community Board, that the bond has been filed with the Widespread Interest Community Board.
C. An modification to the declaration shall establish the models involved and shall state that the boundaries between these units are being relocated by settlement of the unit owners thereof, which modification shall comprise conveyancing between those unit house owners.
B. Any unit house owners’ affiliation collecting assessments for widespread bills shall receive and keep a blanket fidelity bond or worker dishonesty insurance coverage policy insuring the …