Condo Management
If there isn’t a agreement as to the price, then the worth shall be determined by arbitration performed pursuant to chapter 44 or chapter 682. This paragraph shall be applied to contracts entered into on, earlier than, or after January 1, 1977, regardless of the duration of the lease. The lease shall state the minimal variety of unit house owners that will be required, directly or not directly, to pay the lease under the lease and the utmost variety of models that will be served by the leased property. The limitation of the variety of units to be served shall not preclude enlargement of the services leased and an increase of their capability, if accredited by the association operating the leased property after unit homeowners other than the developer have assumed control of the association.
The party who recordsdata a grievance for a trial de novo shall be assessed the other party’s arbitration costs, courtroom prices, and other affordable costs, including lawyer fees, investigation expenses, and bills for professional or other testimony or proof incurred after the arbitration hearing if the judgment upon the trial de novo isn’t more favorable than the arbitration choice. If the judgment is more favorable, …
