02-13-1980 Council Agenda - Laserfiche WebLink

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2701.090. STATUTES OF LIMITATIONS FOR WARRANTIES. under for b cause 1. A judicial proceeding reach of any obligation arising Sections 2701.060 0 and 270011.070 must be commenced within six years after the of action arises. under Sectlon 2701.060 2. Subject to subsection 3 hereof,'a cause of action of the eeich, and 2701.070, regardless of the purchaser's lack of knowledge arises: (a) As to a unit, when the purchaser to whom the warranty is first made enters into possession if a possessory interest was conveyed or at th time of acceptance of the instrument of nonpossessory interest was conveyed; and (b) As to each common element, the later of (i) thel) time of the common element is completed, and the time the first unit in the condominium is conveyed to a bona fide purchaser. 3. If a warranty under Section 2701.060 and 2701.070 explicitly extends improvements or component of the to future performance or o duration of any whichever or at the end the caeriodf for twhich the warranty texplicitly extends, whichever or at the end of the period 2701.100. ___2 TO RESCIND• A lessee may rescind a purchase agreement of a unit offered for sale hereunder by delivering to the declarant at the address eemnt by registered or certified U.S. Mail, postage five (5) days of execution of prepaid, in the purchase ce Upon receipt of such a notice of rescission prcpaad, a wrtten notice of rescission within she ec agreement ra t l the lessee. re. earnest money received without deduction refund any purchase agreement shall become null the declarant or shall promptly the p shall b afforded mnull andrvoid. or a rights thereon whereupon i Section Sion to + Surd. 6. and void. The riht under this section are in addition to the r g purchasers under Minnesota Condominium Act, Unless otherwise provided herein, all 2701.110. DELIQERY OF ■NOTICE. and shall be either notices ly required by this Ordinance shall bead writing prepaid and addressed ther to personally delivered or delivered by Delivery the named tenant or "occupant at the address of the unit. De complete upon mailing. T REQUIRED. No declarant shall undertake he shall have a 2701.120. PERMI dwelling or building f rst condominium aned a conversion of a rental Council. The payment of fees set forth in permit from the City to issuance of such permit. first obtained a P prerequisite Section 2701.140 shall be a P lication for the required R OF APPLYING FOR PERMIT. Application City Clerk o the for such be . MACE permit sand ha made and following information: purpose and shall set 33