- (a) Upon filing a complete application under Jus 1404.03, the declarant may commence offering non-binding reservation agreements for units in the condominium.
- (b) No closing or settlement conveying a unit shall take place prior to the time an exemption has been granted or the condominium has been registered.
- (c) Until such time as the exemption has been granted, no closing or settlement shall be scheduled for a date that is less than 60 days after the date on which an application under Jus 1404.03 has been filed.
- (d) No person shall file an application under Jus 1404.03 that is incomplete in any respect. Nor shall any person seek a waiver of this requirement or any of the requirements of Jus 1404.02 through 1404.06.
Source. (See Revision Note at chapter heading for Jus 1400) #9783-A, eff 9-11-10, EXPIRED: 9-11-18 New. #12657, INTERIM, eff 11-1-18, EXPIRED: 4-30-19 New. #12910, eff 10-24-19