District of Columbia § 42-2022 Sharing of reconstruction cost where project not insured or insurance indemnity insufficient.

District of Columbia Statutes

§ 42-2022 — Sharing of reconstruction cost where project not insured or insurance indemnity insufficient.

District of Columbia·Title 42 Real Property.·Ch. 20 Horizontal Property Regimes.·Subch. I General.

Where the project is not insured or where the insurance indemnity is insufficient to cover the cost of reconstruction the new project costs shall be paid by all the co-owners in the same proportion as their proportionate ownership of the common elements of the condominium project, and if any 1 or more of those composing the minority shall refuse to make such payments, the majority may proceed with the reconstruction at the expense of all the co-owners and the share of the resulting common expense may be assessed against all the co-owners and such assessment for this expense shall have the same priority as provided under § 42-2017 .

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Where the project is not insured or where the insurance indemnity is insufficient to cover the cost of reconstruction the new project costs shall be paid by all the co-owners in the same proportion as their proportionate ownership of the common elements of the condominium project, and if any 1 or more of those composing the minority shall refuse to make such payments, the majority may proceed with the reconstruction at the expense of all the co-owners and the share of the resulting common expense may be assessed against all the co-owners and such assessment for this expense shall have the same priority as provided under § 42-2017 .

District of Columbia § 42-2022 (Sharing of reconstruction cost where project not insured or insurance indemnity insufficient.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.