South Dakota Codified Laws 43-15A-17. Commission report required before offer to sell or taking reservations to purchase
Current as of: 2023 | Check for updates
|
Other versions
No unit in a condominium project may be offered for sale until the Real Estate Commission has issued a final or substitute public report thereon, nor may reservations to purchase be taken until the commission has issued a preliminary, final, or substitute public report.
Terms Used In South Dakota Codified Laws 43-15A-17
- Condominium: as used in this chapter , unless the context otherwise requires, shall mean an estate in real property consisting of an undivided interest in portions of a parcel of real property together with a separate interest in space in a residential, industrial, or commercial building or industrial and commercial building on such real property, such as, but not restricted to, an apartment, office, or store. See South Dakota Codified Laws 43-15A-2
Source: SL 1975, ch 270, § 11; SL 1986, ch 302, § 86.