New Condominium Project

New Condominium Project

A New Condominium Project is a Condominium Project in which: The Condominium Project (all Condominium Units, Common Elements and Amenities) and related facilities owned by any Master Association are not complete, or are subject to additional phasing Fewer than 75% of the total number of units in the project must have been conveyed to the unit purchasers, or The developer has not turned control of the homeowners association over to the unit owners