§ 47-7D-1 Requirement for disclosure statement
§ 47-7D-2 Liability for disclosure statement requirements
§ 47-7D-3 Disclosure statement; general provisions
§ 47-7D-4 Condominiums subject to development rights
§ 47-7D-5 Time shares
§ 47-7D-6 Condominiums containing conversion buildings
§ 47-7D-7 Condominium securities
§ 47-7D-8 Purchaser’s right to cancel
§ 47-7D-9 Resales of units
§ 47-7D-10 Escrow of deposits
§ 47-7D-11 Release of liens
§ 47-7D-12 Conversion buildings
§ 47-7D-17 Effect of violations on rights of action; attorney’s fees
§ 47-7D-18 Labeling of promotional material
§ 47-7D-19 Declarant’s obligation to complete and restore
§ 47-7D-20 Substantial completion of units
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Terms Used In New Mexico Statutes > Chapter 47 > Article 7D - Condominium Act - Protection of Condominium

  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • 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
  • 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.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Service of process: The service of writs or summonses to the appropriate party.