Rhode Island General Laws 34-36-21. Interest of unit owner acquired on forced sale
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In the event any person shall acquire, through foreclosure, exercise of power of sale, or other enforcement of any lien, or by tax deed, the interest of any unit owner, the interest acquired shall be subject to all the provisions of this chapter and to the covenants, conditions, and restrictions contained in the declaration, the record of survey map, the bylaws, the house rules, or any deed affecting the interest then in force.
History of Section.
P.L. 1963, ch. 181, § 1.
Terms Used In Rhode Island General Laws 34-36-21
- Declaration: means the instrument by which the property is submitted to the provisions of this chapter, as it from time to time may be lawfully amended. See Rhode Island General Laws 34-36-3
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: means individual, corporation, partnership, association, trustee or other legal entity. See Rhode Island General Laws 34-36-3
- Record of survey map: means a plat or plats of survey of the property and of all units in the property submitted to the provisions of this chapter, which may consist of a three-dimensional, horizontal, and vertical delineation of all such units. See Rhode Island General Laws 34-36-3
- Unit: means a part of the property intended for any type of independent use, including one or more rooms or spaces located in one or more floors (or part or parts of floors) in a building. See Rhode Island General Laws 34-36-3