North Carolina General Statutes 47C-4-119. Declarant’s obligation to complete
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In North Carolina General Statutes 47C-4-119
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
(a) The declarant shall complete all improvements labeled “MUST BE BUILT” on plats or plans prepared pursuant to N.C. Gen. Stat. § 47C-2-109.
(b) The declarant is subject to liability for the prompt repair and restoration, to a condition compatible with the remainder of the condominium, of any portion of the condominium affected by the exercise of rights reserved pursuant to or created by N.C. Gen. Stat. § 47C-2-110, 47C-2-111, 47C-2-112, 47C-2-113, 47C-2-115, and 47C-2-116. (1985 (Reg. Sess., 1986), c. 877, s. 1.)