§ 70-23-601 Contents of deed or lease of unit
§ 70-23-602 Liens to be satisfied or released at time of first conveyance
§ 70-23-603 Lien allowable against unit not against the property
§ 70-23-604 Construction lien — no effect on nonconsenting owner — exception
§ 70-23-605 Lien effective against two or more units — release from
§ 70-23-606 Records of receipts and expenditures affecting common elements — inspection
§ 70-23-607 Claim for common expenses — priority of lien — contents — recording
§ 70-23-608 Foreclosure of lien under claim for common expenses — action without foreclosure
§ 70-23-609 Foreclosure on unit — payment of rent — purchase of unit by manager
§ 70-23-610 Purchaser at foreclosure sale not totally liable for prior common expenses
§ 70-23-611 Joint liability of grantor and grantee for unpaid common expenses
§ 70-23-612 Insurance of building — premiums as common expenses
§ 70-23-613 Disclosure by seller — seller to furnish documents — delay period
contract signature

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Terms Used In Montana Code > Title 70 > Chapter 23 > Part 6 - Conveyances, Liens, and Common Expenses

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Grantor: The person who establishes a trust and places property into it.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Property: means real and personal property. See Montana Code 1-1-205
  • Trustee: A person or institution holding and administering property in trust.