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Current as of January 01, 2024 | Updated by Findlaw Staff
A. The disclosure statement of a condominium containing any conversion building shall contain, in addition to the information required by Section 54 1 of the Condominium Act:
(1) a statement by the declarant, based on a report prepared by a licensed architect or engineer, describing the present condition of all structural components and mechanical and electrical installations material to the use and enjoyment of the building; and
(2) a list of any outstanding notices of uncured violations of building codes or other municipal regulations, together with the estimated cost of curing those violations.
B. Paragraph (1) of Subsection A of this section applies only to buildings containing more than fifteen units that shall be occupied for residential use.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 47. Property Law § 47-7D-6. Condominiums containing conversion buildings - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-47-property-law/nm-st-sect-47-7d-6/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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