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Session Laws, 1972
Volume 708, Page 1083   View pdf image
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Marvin Mandel, Governor                          1083

11-121. Reconstruction cost where building not insured or insurance
insufficient.

Where the building is not insured or where the insurance indem-
nity is insufficient to cover the cost of reconstruction, the new
building costs shall be paid by all the co-owners directly affected
by the damage, in proportion to the value of their respective con-
dominium units, or as may be provided by the bylaws, and if any
one 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 benefited thereby and the pro rata
share of the resulting expense may be assessed and such assessment
for this expense shall have the same priority as provided under 11-
116 of this title.

11-122. Taxation.

(a)    Each property hereafter declared into a horizontal housing
regime in the manner hereinabove set forth shall continue its original
identity and unity for the purpose of evaluating the whole for assess-
ment purposes in the manner now prescribed by law. The total
evaluation thus produced shall be distributed among the condominium
units into which the property was divided and the assessment of each
unit shall be in direct proportion to the share and interest of each
unit as established in the master deed and the declaration of the
property into the regime and an individual assessment thereby
placed on each condominium unit in accordance with such propor-
tion that such unit bears to the whole property covered by the original
declaration.

(b)    Each of said condominium units shall be carried on the tax
records of the county or City of Baltimore in which it is located
as a separate and distinct entity and all real estate taxes, including
general and special assessments, shall be assessed, levied, and collected
against each of the said several, separate and distinct units in
conformity with the percentages of ownership established by the
declaration in the same manner and to the same extent as such
assessments are levied and collected in the case of individual land
parcels.

(c)    No forfeiture or sale for delinquent taxes shall be made other
than against the individual condominium unit as described in the
declaration and master deed and no forfeiture or sale of the im-
provements or the real estate as a whole for delinquent real estate
taxes, special assessments, or charges shall ever divest or in any
manner affect the title to any individual condominium unit so long as
the real estate taxes and duly levied share of special assessments
charges on the individual unit are currently paid.

11-123. Resident agent; actions by and against unit owners; dis-
charge of unit from lien of judgment.

(a) Upon the declaration of any property into a horizontal prop-
erty regime the declaror shall appoint a resident agent for the re-
gime who shall be a resident of the State of Maryland and of the
county or City of Baltimore in which the property so declared into
the regime is actually situated and shall file the name of such
resident agent with the Department of Assessments and Taxation


 

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Session Laws, 1972
Volume 708, Page 1083   View pdf image
 Jump to  
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