2015 New Mexico Statutes
Chapter 47 - Property Law
Section 7D Condominium Act - Protection of Condominium Purchasers
Section 47-7D-6 Condominiums containing conversion buildings.
47-7D-6. Condominiums containing conversion buildings.
A. The disclosure statement of a condominium containing any conversion building shall contain, in addition to the information required by Section 54 [55] [47-7D-3 NMSA 1978] 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.
History: Laws 1982, ch. 27, 58.
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