1069

A person who acquires a fraction of divided co-ownership, by whatever means, including the exercise of a hypothecary right, is bound to pay all common expenses due with respect to that fraction at the time of the acquisition.

A person contemplating the acquisition of such a fraction may request from the syndicate of co-owners a statement of the common expenses due with respect to the fraction and the syndicate is thereupon authorized to provide the statement to him, subject to the syndicate giving prior notice to the owner of the fraction or his successors; in such a case, the prospective acquirer is bound to pay the common expenses only if the statement is provided to him by the syndicate within 15 days of the request.

The statement provided is adjusted to the last annual budget of the co-owners.

1991, c. 64, a. 1069; 2002, c. 19, s. 6.