P.R. Laws tit. 31, § 1300c

2019-02-20 00:00:00+00
§ 1300c. Residential units—Condo hotel services-contracting capacity

The owner of a residential unit may contract directly with the administrator or his/her agent for the purpose of receiving services from the condo hotel. Any revenues obtained and expenses incurred by the administrator or his/her agent shall not be part of the revenues on account of the leasing program, program administration expenses or basic expenses. The expenses or revenues resulting from said administration activities shall be at all times accounted for separately from the revenues of the leasing program, program administration expenses or basic expenses. The funds managed by the administrator or his/her agent with respect to such contracts shall be deposited in accounts separate from the leasing program accounts or those related to the administration of the common property. The use of leasing program funds or funds related to the administration of the common property with respect to such contracts is hereby prohibited.

History —Aug. 12, 2008, No. 249, § 8.104, renumbered as art. 8.104 on Dec. 16, 2009, No. 178, § 24 and on June 24, 2010, No. 67, § 24.