New Mexico Statutes
§ 47-7-25 — Joint and several liability of grantor and grantee for unpaid
New Mexico § 47-7-25
This text of New Mexico § 47-7-25 (Joint and several liability of grantor and grantee for unpaid) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 47-7-25 (2026).
Text
common expenses. In a voluntary conveyance the grantee of a unit shall be jointly and severally liable with the grantor for all unpaid assessments against the grantor for his share of the common expenses to the time of grant or conveyance, without prejudice to the grantee's right to recover from the grantor the amounts paid by the grantee. However, any grantee shall be entitled to a statement from the manager or board of directors, setting forth the amount of the unpaid assessments against the grantor and the grantee shall not be liable for, nor shall the unit conveyed by [be] subject to a lien for, any unpaid assessments against the grantor in excess of the amount therein set forth.
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Legislative History
1953 Comp., § 70-4-24, enacted by Laws 1963, ch. 221, § 24; 1975, ch. 318, §
Nearby Sections
15
§ 47-1-1
"Real estate" defined§ 47-1-11
[Instruments by agent authorized.]§ 47-1-12
[Conveyance by decree or master.]§ 47-1-17
[Entailed estates.]§ 47-1-17.1
Repealed§ 47-1-20
[Remainder to unborn child.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 47-7-25, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/47/47-7-25.